Legence Corp. (LGN)
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-11-04
$32.13-17.95%
Close 2026-11-04 · 1-day change
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-11-04
Research Workspace
Put LGN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Construction & Engineering is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 69% in its worst 12-month stretch.
View RiskLGN's revenue growth has to keep compounding to justify the price. Revenue grew 110.7% year over year in the latest quarter. However, the company missed its earnings target by 242.3%. It trades at 38 times earnings versus a 34 times peer median. The price reflects less growth than our forecast suggests. A guidance cut would be a meaningful negative for the stock. Peer multiples imply a price about 36% above where it trades. Our standing thesis is intact, but this read is provisional.
Trailing returns as of 2026-11-04. LGN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 17 analysts currently covering LGN (as of Nov 2026).
Based on 6 Wall Street analysts offering 12-month price targets for LGN in the last 4 months.
Continue this research
Compare LGN with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Compare now without an account. Saving and monitoring require an account.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| LGN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Construction & Engineering — fair value, gap to price, and forward P/E.
Compare the value case
Put LGN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Raise Full Year 2026 Revenue Guidance
Revenue growth is positive, but widening losses threaten guidance.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $32.13
The last 12 months of price, then the range of analyst 12-month targets from today’s $32.13.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Advances: Maintain Strong Backlog and Awarded Contracts Growth
Increased backlog indicates strong contract growth.
Advances: Raise Full Year 2026 Revenue Guidance
Raised guidance aligns with growth objectives.
Advances: Raise Full Year 2026 Revenue Guidance
Increased price target reflects positive outlook on revenue growth.
Advances: Raise Full Year 2026 Revenue Guidance
Positive AI growth outlook supports revenue guidance.
Advances: Raise Full Year 2026 Revenue Guidance
Guidance beat suggests strong revenue potential.
Advances: Raise Full Year 2026 Revenue Guidance
Strong Q1 results indicate potential for revenue growth.
Advances: Raise Full Year 2026 Revenue Guidance
Strong demand supports revenue growth expectations.