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On June 6th on the blog, I posted an article
in which I mentioned PlanSwift’s estimated sales volume (at the time, my
estimate of PlanSwift’s sales, based on my interpretation of what I’d read in
Textura’s write-up of its business) – $500k per month, $6 million annualized.
in which I mentioned PlanSwift’s estimated sales volume (at the time, my
estimate of PlanSwift’s sales, based on my interpretation of what I’d read in
Textura’s write-up of its business) – $500k per month, $6 million annualized.
More recently, Textura held an earnings-call, right
after it released its most recent quarterly financial results, and, in the
written transcript of that earnings call, here’s one of the statements
Textura’s CEO made:
after it released its most recent quarterly financial results, and, in the
written transcript of that earnings call, here’s one of the statements
Textura’s CEO made:
“Organization driven revenue increased by 235%
year-over-year to $2.3 million and represented the remaining 25% of our total
revenue. The drivers here were 79% year-over-year growth and the number of
organizations to more than 8200, the
PlanSwift solution accounting for 3,081 of these organizations and $1.5
million in revenue (in the most recent 3 month period.)
year-over-year to $2.3 million and represented the remaining 25% of our total
revenue. The drivers here were 79% year-over-year growth and the number of
organizations to more than 8200, the
PlanSwift solution accounting for 3,081 of these organizations and $1.5
million in revenue (in the most recent 3 month period.)
So, my estimate of PlanSwift’s annualized revenues were
accurate.
accurate.
Moving on, Textura’s stock price has soared since I last
wrote about the company on Repro 101.
wrote about the company on Repro 101.
Today, the market is down,
Textura is trading at $34.00 per share.
That’s considerably more than Textura’s IPO price and considerably more
that Textura’s closing price the day it went public.
Textura is trading at $34.00 per share.
That’s considerably more than Textura’s IPO price and considerably more
that Textura’s closing price the day it went public.
I noticed this, just a couple of
days ago. “Textura Corp Price Target
Increased to $36.00 by Analysts at Credit Suisse.” (Article
found on “UtahPeoplesPost.com”, Posted by JAGS Staff on
Aug 12th, 2013)
days ago. “Textura Corp Price Target
Increased to $36.00 by Analysts at Credit Suisse.” (Article
found on “UtahPeoplesPost.com”, Posted by JAGS Staff on
Aug 12th, 2013)
Research analysts at Credit Suisse increased their target price on
shares of Textura Corp (NASDAQ:TXTR) from $33.00 to $36.00 in a report
released on Friday, AnalystRatings.Net reports. The firm
currently has an “outperform” rating on the stock. Credit Suisse’s price target
suggests a potential upside of 8.27% from the company’s current price.
shares of Textura Corp (NASDAQ:TXTR) from $33.00 to $36.00 in a report
released on Friday, AnalystRatings.Net reports. The firm
currently has an “outperform” rating on the stock. Credit Suisse’s price target
suggests a potential upside of 8.27% from the company’s current price.
A number of other analysts have also recently weighed in on TXTR.
Analysts at Oppenheimer raised their price target on shares of Textura Corp
from $35.00 to $36.00 in a research note to investors on Thursday. They now
have an “outperform” rating on the stock. Separately, analysts at JMP
Securities initiated coverage on shares of Textura Corp in a research note to
investors on Monday, July 8th. They set an “outperform” rating and a $38.00
price target on the stock. Finally, analysts at Barrington Research initiated
coverage on shares of Textura Corp in a research note to investors on Tuesday,
July 2nd. They set an “outperform” rating and a $35.00 price target on the
stock.
Analysts at Oppenheimer raised their price target on shares of Textura Corp
from $35.00 to $36.00 in a research note to investors on Thursday. They now
have an “outperform” rating on the stock. Separately, analysts at JMP
Securities initiated coverage on shares of Textura Corp in a research note to
investors on Monday, July 8th. They set an “outperform” rating and a $38.00
price target on the stock. Finally, analysts at Barrington Research initiated
coverage on shares of Textura Corp in a research note to investors on Tuesday,
July 2nd. They set an “outperform” rating and a $35.00 price target on the
stock.
Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a
consensus price target of $33.40.
consensus price target of $33.40.
Shares of Textura Corp (NASDAQ:TXTR) traded up 0.66% during mid-day trading on Friday,
hitting $33.47. Textura Corp has a one year low of $19.68 and a one year high
of $33.44. The stock’s 50-day moving average is currently $28.72. The company’s
market cap is $733.0 million.
hitting $33.47. Textura Corp has a one year low of $19.68 and a one year high
of $33.44. The stock’s 50-day moving average is currently $28.72. The company’s
market cap is $733.0 million.
Textura Corp (NASDAQ:TXTR) last released its earnings data on Wednesday, August 7th. The company reported ($0.75) EPS for the
quarter, missing the Thomson Reuters consensus estimate of ($0.58) by $0.17.
The company had revenue of $9.40 million for the quarter, compared to the
consensus estimate of $9.11 million. During the same quarter in the prior year,
the company posted ($0.38) earnings per share. The company’s quarterly revenue
was up 64.9% on a year-over-year basis. On average, analysts predict that
Textura Corp will post $-1.59 earnings per share for the current fiscal year.
quarter, missing the Thomson Reuters consensus estimate of ($0.58) by $0.17.
The company had revenue of $9.40 million for the quarter, compared to the
consensus estimate of $9.11 million. During the same quarter in the prior year,
the company posted ($0.38) earnings per share. The company’s quarterly revenue
was up 64.9% on a year-over-year basis. On average, analysts predict that
Textura Corp will post $-1.59 earnings per share for the current fiscal year.
Textura Corporation is a provider of on-demand business collaboration
software to the commercial construction industry.
software to the commercial construction industry.
Final comments for
today’s blog post:
today’s blog post:
During the Q&A
part of the recent earnings call, several of the financial analysts who
participated in that call were kind of effusive with their congratulations to
the CEO on the company’s most recent quarterly results. Quite frankly, I’m never surprised when
analysts make “buttery” comments to a CEO, but, being to be quite frank,
Textura’s results, to me, were noting to write home about. They lost more money than analysts estimated
would be the case. This “miss” wasn’t
close. And, the (year over year) revenue
increase, to me, was not-all-that impressive.
I guess I should say, “un-spectacular.”
part of the recent earnings call, several of the financial analysts who
participated in that call were kind of effusive with their congratulations to
the CEO on the company’s most recent quarterly results. Quite frankly, I’m never surprised when
analysts make “buttery” comments to a CEO, but, being to be quite frank,
Textura’s results, to me, were noting to write home about. They lost more money than analysts estimated
would be the case. This “miss” wasn’t
close. And, the (year over year) revenue
increase, to me, was not-all-that impressive.
I guess I should say, “un-spectacular.”
|
3 month
|
3 month
|
|
|
period
|
period
|
|
|
3/1-6/30/2013
|
3/1-6/30/2012
|
|
|
(in millions)
|
(in millions)
|
|
|
Gross Revenues
|
$9.362
|
$5.689
|
|
PlanSwift Revenues
|
$1.500
|
not applic
|
|
$7.862
|
$5.689
|
|
|
$7.862
|
||
|
$5.689
|
||
|
Textura Y-O-Y revenue increase
|
38%
|
(w/o PlanSwift revenues)
|
And, Textura’s loss increased substantially.
So, here
we’ve got a small company, recently gone public, $2mil increase in
year-over-year quarter’s sales (if they
had not acquired PlanSwift), substantial increase in quarterly loss, but
with a huge amount of hype from financial analysts who cover the company. Today,
at $34.00 per share, the company’s “market cap” is $778 million. That’s right, a company with gross annualized
revenues of around $38 million, losing money, that’s worth $778 million.
we’ve got a small company, recently gone public, $2mil increase in
year-over-year quarter’s sales (if they
had not acquired PlanSwift), substantial increase in quarterly loss, but
with a huge amount of hype from financial analysts who cover the company. Today,
at $34.00 per share, the company’s “market cap” is $778 million. That’s right, a company with gross annualized
revenues of around $38 million, losing money, that’s worth $778 million.
Reprographics 101 
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