Top Wall Street Forecasters Revamp Legence Price Expectations Ahead Of Q3 Earnings

Earnings Report - Legence Corp. is set to release its third-quarter earnings results on November 14, with analysts expecting earnings of 6 cents per share, a significant improvement from a loss of 54 cents per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $639.78 million, compared to $293.8 million in revenue a year ago [1] Recent Developments - On October 30, Legence announced an extension and repricing of its term loan, along with an increase and extension of its revolving credit facility [2] - Following this announcement, Legence shares fell by 9.2%, closing at $33.32 [2] Analyst Ratings - Guggenheim analyst Joseph Osha initiated coverage with a Buy rating and a price target of $41, with an accuracy rate of 83% [4] - Cantor Fitzgerald analyst Derek Soderberg initiated coverage with an Overweight rating and a price target of $40, with an accuracy rate of 63% [4] - B of A Securities analyst Sherif El-Sabbahy initiated coverage with a Buy rating and a price target of $35, with an accuracy rate of 67% [4] - BMO Capital analyst Devin Dodge initiated coverage with an Outperform rating and a price target of $36, with an accuracy rate of 67% [4] - BTIG analyst Gregory Lewis initiated coverage with a Buy rating and a price target of $40, with an accuracy rate of 76% [4]