Legence Corp. (LGN)
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-10-15
$43.53-3.91%
Close 2026-10-16 · 1-day change
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-10-15
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 quality for its industry.
View QualityMiddle-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 2% on a typical day and fell roughly 56% in its worst 12-month stretch.
View RiskLGN’s bet centers on doubling revenue while widening losses threaten full-year guidance. Revenue grew 110.7% year over year, but Q2 FY2026 earnings missed. LGN trades at 53× P/E versus 39× for peers and 99× historically. The price reflects less growth than our forecast, despite the peer premium. A next-quarter earnings miss has a 28% probability in our model. Peer multiples imply a price about 23% above where it trades. This read is provisional.
Trailing returns as of 2026-10-16. 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 Oct 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.
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| 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 2026-10-15. 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 2026-10-16. EPS is implied from price ÷ P/E. Not investment advice.
Current $43.53
The last 12 months of price, then the range of analyst 12-month targets from today’s $43.53.
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.