Cantor Fitzgerald has initiated coverage on Legence Corp (LGN) with an Overweight rating as of October 6, 2025. This marks the firm's first assessment of the company's investment potential following its recent IPO on September 12, 2025.
Headquartered in San Jose, California, Legence Corp operates in the construction industry, focusing on engineering, installation, and maintenance services for mission-critical systems in buildings. The company employs approximately 6,000 full-time staff and operates through two segments: Engineering & Consulting and Installation & Maintenance. Its Engineering & Consulting segment designs HVAC and other mechanical systems, while the Installation & Maintenance segment fabricates and installs these systems in various building types, including industrial, commercial, and institutional facilities.
As of now, Legence Corp's market capitalization stands at $4.7 billion. The company is scheduled to report its upcoming earnings on November 14, 2025, with an estimated EPS of $0.06 and revenue of $646.2 million. Recent performance indicates a strong Q3 2025, where EPS reached $0.18, surpassing estimates by 207.7%.
Analyst ratings, such as this new Overweight designation, reflect professional evaluations based on research and financial models. While they can provide insights, these ratings are subject to change as new information emerges. The consensus among analysts currently includes 7 Strong Buy, 9 Buy, and 3 Hold ratings, suggesting a generally favorable outlook for Legence Corp.