Legence Corp. (LGN)
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-11-04
$32.13-17.95%
Close 2026-11-04 · 1-day change
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-11-04
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 sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -36.5% |
| Our one-year growth estimate | diamond | 38.5% |
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: 288 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
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 75.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 13 industry peers
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: Management set Q3 revenue guidance at $1.225 billion to $1.275 billion. A result below the low end would break that target.
Worry ifOn November 12, Q3 revenue is below $1.225 billion.
Less concerning ifQ3 revenue is at least $1.225 billion.
Why it matters: Legence raised its 2026 revenue range to $4.7 billion to $4.8 billion. Falling below the low end would reverse that raised outlook.
Worry ifLegence reports 2026 revenue below $4.7 billion, or cuts its full-year revenue range below that level.
Less concerning ifLegence reports at least $4.7 billion in 2026 revenue and keeps its range at or above $4.7 billion.
Why it matters: Adjusted gross margin fell from 18.7% in Q1 to 18.5% in Q2. More declines could show that the sales mix and higher costs are weighing on margins.
Worry ifQ3 adjusted gross margin is below 18.5%.
Less concerning ifQ3 adjusted gross margin is at least 18.5%.
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 | ±$264 on $10,000 · ±2.6% | How much price usually moves either way. |
| Bad day | $889 loss on $10,000 · 8.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $6,858 loss on $10,000 · 68.6% | 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.