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Legacy Housing Corp. (LEGH)
NASDAQConsumer DiscretionaryResidential ConstructionSnapshot 2026-06-16
Intact
$25.61+3.87%
Close 2026-06-16 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is neutral, and earnings quality is fragile, indicating that reported profits are not well supported by cash. Management's recent track record is neutral, and risk is elevated, while the sector backdrop is a headwind. Peer multiples imply a price about 15% below where it trades (it looks expensive on this basis); the read is fair, but weakening, as recent financials or earnings quality are weakening. Key factors to watch include guidance changes and sector trends, as these could significantly impact LEGH's performance. This read is provisional.
as of 2026-06-16
Quick facts
- Exchange
- NASDAQ
- Sector
- Consumer Discretionary
- Industry
- Residential Construction
- Market cap
- $586.22M
- Employees
- 592
- IPO date
- 2018-11-09
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 5 valuation methods, at three horizons. Current price $25.61. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$23.25consensus
Range $19.44 – $27.37
vs price: +10% above
Method agreement — · 5 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearexpensive
$3.91consensus
Range $3.91 – $3.91
vs price: +555% above
Method agreement — · 1 method
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peershigh confidence
At $26 LEGH trades at 14× p/e, below its 15× p/e peer median. Our $23 fair value sits above the price; high confidence. Not investment advice.
Multiple (P/E)
14.4x
peer 15.4x · own history —
Premium
0.9x peer
Growth the price needs
15%
our forecast -16%
Our fair value
$23.25
range $19.01 – $27.37
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair — but weakening12-month view
What's priced inUnjustified
The market is pricing in roughly 15% near-term growth, well above our forecast of about -16%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only weak execution quality — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 48% of the time over the next year (vs 64% for the rest of the cohort, n=3804).
67th pctl · Consumer Discretionary
Earnings quality
fragileOver the trailing year it converted 0.92x of net income into operating cash flow. Historically, Consumer Discretionary names rated fragile grew net income 45% of the time over the next year (vs 58% for the rest of the cohort, n=2427).
15th pctl · Consumer Discretionary
Macro sensitivity
Most sensitive to the broad stock market and long-term interest rates.
- the broad stock market: This stock moves with the broad market (high beta).
- long-term interest rates: This stock tends to fall when long-term rates rise.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity.
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullishEPS revised +13.3% / 30d, n=2for period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.60 → $0.68 (+13.3% / 30d). 2 raised, 0 cut, 2 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 50% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: consumer discretionary is in declining, with may be transitioning (~0.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme value-trade-down.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- neutral
- Earnings discipline
- weak
- Margin discipline
- neutral
- Balance sheet
- neutral
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-16
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$155.
How much price usually moves either way.
On a bad day, this stock has moved -$331.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,337.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Short-term · Daily
- Either wayHigh confidenceWeeksactive 4d
Watch for the Advance Monthly Retail Trade Report on June 17
Why it matters: This report shows consumer spending trends. These trends affect Legacy Housing's sales.
What confirms / what disproves
Confirms one read:Retail sales go up month over month. This shows stronger consumer spending.
Confirms the other:Retail sales go down month over month. This suggests weaker consumer demand.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
- 2026-05-141mo agoInvesting.com India
Earnings beat indicates strong operational performance.
ReinforcesUnconfirmed report
This sector is also watching
- Watch for June retail sales growth to turn positive
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like DHI, PHM, and LEN keep beating earnings and guiding higher, the Consumer Discretionary sector momentum should keep lifting LEGH and other Consumer Discretionary names. Worth watching these names for early signals.
- If LEGH raises forward guidance on the next earnings call (currently NEW as of 2026-05-08), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If LEGH cuts guidance on the next call (currently NEW as of 2026-05-08), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like DHI, PHM, and LEN start missing or guiding lower, the Consumer Discretionary tailwind helping LEGH and other Consumer Discretionary names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits LEGH and other Consumer Discretionary names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-081mo agoItem 2.02
Results of Operations and Financial Condition. The information contained in the Press Release issued by the Company on May 7, 2026, reporting the Company’s first quarter 2026 financial results, a copy of which is attached hereto as Exhibit 99.1, is incorporated herein by reference. Such information in this Item 2.02 (including Exhibit 99.1) is furnished pursuant to
Earnings preannouncementneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+2.1 vs last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.