Planet Labs PBC Class A shares are positioned for a potential 12% directional move when the company files its next earnings report on September 3 after the market close, according to options data compiled by Bloomberg.
The 12% figure reflects the magnitude of movement priced into equity options ahead of the announcement. That implied move provides a market-based gauge of expected volatility but is not a prediction of direction.
Historical earnings reactions
Over the most recent eight earnings events, the stock has moved by a larger amount than the options market implied in six instances. A review of those episodes shows a pattern of pronounced post-earnings volatility:
- On June 4 the stock fell 36.2% while options suggested a 10.1% move.
- On March 19 the shares rose 33.0% against an implied 19.2% move.
- In December 2025 the stock jumped 48.4% compared to an implied move of 19.1%.
- In September 2025 the stock rose 36.2% versus an implied 16.4% move.
- In June 2025 the stock increased 50.1% against a 13.7% implied move.
- The shares fell 5.3% in March 2025 when options suggested a 10.3% move.
- They dropped 1.5% in December 2024 against an implied 15.5% move.
- In September 2024 the stock declined 29.1% while options indicated a 20.1% move.
These outcomes illustrate that implied move estimates have frequently been outpaced by actual share price reactions around Planet Labs' earnings. In several quarters the stock recorded large positive changes that substantially exceeded what option prices had signaled; in other quarters the realized moves were smaller or negative relative to implied expectations.
What the options-implied move represents
The options-implied number is an aggregate estimate derived from option prices and reflects the market's assessment of expected absolute volatility around the report. It sets a reference point traders and investors use to size risk or structure hedges ahead of earnings.
Market implications
For market participants, the combination of a substantial options-implied move and a track record of outsized earnings reactions suggests elevated event risk. Investors and traders preparing for the September 3 release will likely factor both the 12% implied figure and the company's history of volatile post-earnings moves into position sizing and risk management decisions.