Legence Corp. (LGN)
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-04
$52.97+0.65%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-04
QuarterlyIQ Insights · LGN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance dropped from the top half to the bottom half of its industry over the past month — the reason to own it has weakened.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -9.4% |
| Our one-year growth estimate | diamond | 32.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 246 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 42.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 industry peers · Company calendar date is not available
LGN — earnings miss
Dated 2026-08-13
Results of Operations and Financial Condition. On August 13, 2026, Legence Corp. (the “Company”) issued a press release announcing its financial and operating results for the quarter ended June 30, 2026. A copy of the Company’s press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exc…
Why it matters: A smaller net loss shows better cost control and efficiency. A bigger loss may raise worries about financial health.
Supportive ifNet loss for Q3 2026 reported below $27.8 million.
Worry ifNet loss for Q3 2026 reported worse than $27.8 million.
Why it matters: A revenue guidance increase would show strong growth and confidence in future sales.
Supportive ifLegence raises its full year 2026 revenue guidance above $4.3B.
Worry ifLegence keeps its revenue guidance at $4.1B or lowers it.
Why it matters: Changes in EBITDA guidance show how well Legence controls costs and makes money.
Supportive ifLegence raises its non-GAAP adjusted EBITDA guidance for the full year 2026.
Worry ifLegence lowers its non-GAAP adjusted EBITDA guidance for the full year 2026.
Why it matters: Keeping backlog growth shows demand is strong. It helps with future revenue.
Supportive ifTotal backlog was more than $5.67 billion.
Worry ifTotal backlog was less than $5.67 billion.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$246 on $10,000 · ±2.5% | How much price usually moves either way. |
| Bad day | $822 loss on $10,000 · 8.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,979 loss on $10,000 · 49.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Earnings results will give clues about revenue growth and overall performance.
Watch forEarnings report shows revenue growth above 20% year over year.
Also watch forEarnings report shows revenue growth below 10% year over year.
Why it matters: Backlog growth shows strong revenue potential in important markets.
Supportive ifInstallation & Maintenance backlog grows year over year by more than 150%.
Worry ifInstallation & Maintenance backlog grows year over year by less than 100%.
Why it matters: Hitting this target shows strong performance. It also supports growth plans.
Supportive ifQ3 non-GAAP Adjusted EBITDA was $150 million or more.
Worry ifQ3 non-GAAP Adjusted EBITDA was less than $150 million.
Why it matters: This guidance sets expectations for revenue growth and shows management's confidence. Meeting or exceeding this range signals strong demand.
Supportive ifQ3 revenue guidance falls within the range of $1.225 billion to $1.275 billion.
Worry ifQ3 revenue guidance falls below $1.225 billion.
Why it matters: Raising guidance shows that management is confident in growth. It shows strong demand and good execution.
Supportive ifFull year 2026 revenue guidance is confirmed at $4.7 billion - $4.8 billion.
Worry ifFull year 2026 revenue guidance is mostly unchanged. There are no big changes up or down.
Why it matters: Strong backlog growth shows future revenue potential. It shows demand in many sectors and backs management's growth outlook.
Supportive ifBacklog and awarded contracts grow more than 105% year over year.
Worry ifBacklog growth is less than 105% year over year.