Latest news with #PlanetLabs
Yahoo
15 hours ago
- Business
- Yahoo
Planet Labs (PL) To Report Earnings Tomorrow: Here Is What To Expect
Earth imaging satellite company Planet Labs (NYSE:PL) will be reporting earnings tomorrow afternoon. Here's what investors should know. Planet Labs missed analysts' revenue expectations by 1.2% last quarter, reporting revenues of $61.55 million, up 4.6% year on year. It was a softer quarter for the company, with a significant miss of analysts' EPS estimates and revenue guidance for next quarter meeting analysts' expectations. Is Planet Labs a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Planet Labs's revenue to grow 3% year on year to $62.23 million, slowing from the 14.7% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Planet Labs has missed Wall Street's revenue estimates five times over the last two years. Looking at Planet Labs's peers in the data & business process services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CSG delivered year-on-year revenue growth of 1.5%, beating analysts' expectations by 1.4%, and CoStar reported revenues up 11.5%, in line with consensus estimates. CSG traded up 6.4% following the results while CoStar was down 10.2%. Read our full analysis of CSG's results here and CoStar's results here. There has been positive sentiment among investors in the data & business process services segment, with share prices up 4.2% on average over the last month. Planet Labs is up 10.7% during the same time and is heading into earnings with an average analyst price target of $5.80 (compared to the current share price of $3.84). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Planet Labs, Envista, and Lumen Stocks Trade Up, What You Need To Know
A number of stocks jumped in the morning session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Data & Business Process Services company Planet Labs (NYSE:PL) jumped 5.4%. Is now the time to buy Planet Labs? Access our full analysis report here, it's free. Dental Equipment & Technology company Envista (NYSE:NVST) jumped 5.2%. Is now the time to buy Envista? Access our full analysis report here, it's free. Terrestrial Telecommunication Services company Lumen (NYSE:LUMN) jumped 5.8%. Is now the time to buy Lumen? Access our full analysis report here, it's free. Lumen's shares are extremely volatile and have had 62 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Lumen is down 26.5% since the beginning of the year, and at $4.13 per share, it is trading 59.2% below its 52-week high of $10.12 from November 2024. Investors who bought $1,000 worth of Lumen's shares 5 years ago would now be looking at an investment worth $400.87. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
24-05-2025
- Politics
- The Star
North Korea detains officials over warship accident, state media says
A satellite image shows a North Korean warship covered with a blue tarp after an accident that occurred during its launch at the shipyard in Chongjin, North Korea, May 23, 2025. 2025 Planet Labs PBC/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT SEOUL (Reuters) -North Korea has detained shipyard officials responsible for a recent major accident during the launch of a new warship, state media said on Sunday. The failed launch that crippled the 5,000-tonne warship was witnessed by leader Kim Jong Un who said the accident damaged the country's dignity and vowed to punish those found responsible. The mishap likely occurred in front of a large crowd at the northeastern port of Chongjin, increasing the public humiliation for Kim who tried to show off military might, experts say. As the investigation into the case intensified, law enforcement authorities arrested the chief engineer of the Chongjin Shipyard among others, state KCNA news agency reported on Sunday. Satellite imagery shows the warship, covered in blue tarps, lying on its side, with the stern swung out into the harbor, but the bow remaining on the side slipway, according to the U.S.-based Center for Strategic and International Studies (CSIS). Kim has ordered the ship restored before a ruling party meeting in June. KCNA said the rehabilitation plan was pushing ahead. Against U.S. military buildup in the region, North Korea's armed forces "will thoroughly contain and control all sorts of military threats from the enemy countries", KCNA said in a separate dispatch citing the policy chief at the defence ministry. (Reporting by Ju-min Park; Editing by Daniel Wallis)
The Standard
23-05-2025
- General
- The Standard
North Korea launches probe into accident during warship's launch
A satellite image shows the North Korean warship in water at a shipyard after the launch accident, in Chongjin, North Korea, on Thursday. | 2025 PLANET LABS PBC / VIA REUTERS
Kuwait Times
21-05-2025
- General
- Kuwait Times
Iraqis fear oil drilling would destroy fabled wetlands
Villagers, activists vow to save the drought-battered wetlands HUWAIZAH MARSHES, Iraq: Plans to drill for oil in the protected Mesopotamian Marshes of southern Iraq have galvanized villagers and activists determined to save the mythical wetlands already battered by years of drought. 'We will never accept it,' marshes activist Murtada Al-Janubi told a meeting, seeking to reassure anxious residents gathered in a traditional hall made of woven reeds from the wetlands, to discuss the government's plans for the UNESCO-listed area that is their home. Everyone nodded in approval. If they fail to save the Hawizeh Marshes, 'a historical era... with its heritage and southern identity will vanish forever', Janubi, 33, told AFP during a tour of the wetlands that straddle the Iraq-Iran border. The millennia-old history of the marshes—the reputed home of the biblical Garden of Eden—'would end with this oilfield', said the mustachioed, tanned activist. In 2023, as China became a major player across various sectors in Iraq, the oil-rich country awarded a Chinese firm the rights to explore the Hawizeh field. Several residents of Abu Khsaf, the village in Missan province where the meeting with activist Janubi was held, said that at the time they did not fully grasp the implications. Environmental activist Ahmed Neema uses a stick to measure the depth of the waters during a visit to Iraq's receding marshes of Hawizeh. -- AFP Only this year, when heavy machinery was brought in to conduct seismic studies and open a new road, did the residents say they recognized a 'threat' to the swamplands that have sustained their traditional way of life. The government says that the oil and environment ministries are collaborating closely to avoid endangering the wetlands, and that any activity would occur near, not inside, the marshes. Satellite images of the area from March, which AFP obtained from Planet Labs, show tracks left by heavy vehicles. Wim Zwijnenburg of Dutch peace organization PAX said the images point to the 'rapid' construction of 'a 1.3-kilometre-long dirt road in the vegetation of the marshes'. Missan province already has several oilfields, including one just kilometers (miles) from the marshes. Its emissions fill the sky with heavy grey smoke, and its gas flares can be seen from the fishing boats that roam the depleted marshes, suffering after years of harsh drought and dwindling water supplies. Nestled between the Tigris and Euphrates rivers, the Mesopotamian Marshes depend on rivers and tributaries originating in neighboring Turkey and Iran. Sparse rainfall and reduced water flows blamed on climate change, upstream dams and government rationing have created shortages with severe impacts on the marsh ecosystem. Residents expect the marshes to dry up in summer, hoping for a long-absent good rainy season to revive them. The current water level in many areas is less than a meter (three feet) deep. Um al-Naaj lake, once teeming with fish, is now just three meters deep, compared with at least six before the drought. Rowing his boat on the lake, fisherman Kazem Ali, 80, said that while the new project may create some jobs, 'we, the average people, will not benefit'. 'All we want is water,' he said. Rasul Al-Ghurabi, a 28-year-old buffalo farmer, said he would never quit 'the marshes and the freedom that comes with them' even if the oil company offered him a job. One cool March morning, as he led his buffaloes to the marshes to graze, Ghurabi was surprised to see workers laying cables and drilling holes. A cable caused one of his animals to stumble, he said. The marshes contain a core area that serves as a habitat for numerous species, including migratory waterbirds, surrounded by a buffer zone for protection. Activists have accused authorities of conducting seismic studies within the core, which the state-owned Missan Oil Company denies, saying that the vehicles spotted in the area were carrying out work for a separate field nearby and had since left. The Hawizeh oilfield was discovered in the 1970s, and Iraq shares it with Iran, which has been extracting oil for a long time. The Missan Oil Company says that 300 square kilometers (116 square miles) of the field's area overlap with the marshes' buffer zone, but that the oilfield does not encroach on the core. An environmental impact assessment concluded in 2024 would provide 'the baseline for work in the field', the company said, adding that exploration would take place 'without harming the natural habitat'. According to environment ministry official Jassem Falahi, the protected status of the marshes does not bar development projects. 'But investment is subject to specific conditions and standards that must not disturb the core area... or affect the site and its biodiversity,' he told AFP. Iraqi activist Ahmed Saleh Neema, a vocal advocate for the protection of the marshes, expressed concerns that oil companies might not adhere to regulations and further drain the marshes. A UNESCO spokesperson told AFP that 'concerns have been raised in recent years' over the potential impact of oil-related activities on the marshes. Across the border in Iran, local media have long warned against the environmental impact of oil projects. In a report earlier this year, two decades into oil activities in the wetlands known in Iran as Hoor al-Azim, the Tasnim news agency said energy companies had obstructed water flows and drained areas to build infrastructure. Tasnim also said that oilfields have polluted water resources. Environmental activist Neema said authorities should strike 'a balance between two great resources: the oil and the marshes'. Iraq is one of the world's largest oil producers, and crude sales account for 90 percent of state revenues. But while oil is financially vital, the marshes represent the livelihood of its people and 'the heritage, the folklore, and the reputation of Iraq', Neema said. Back in the village of Abu Khsaf, Janubi said: 'Our region is already teeming with oilfields. Isn't that enough?' 'Leave our marshes alone.' — AFP
