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

1. LGN to report Q3 earnings on Nov. 14, expect 6 cents per share. 2. Analyst consensus revenue estimate is $639.78 million, up from last year's $293.8 million. 3. Recent analysts initiated ratings with targets between $35 and $41. 4. Shares fell 9.2% recently, closing at $33.32. 5. Analysts show varied accuracy rates, with some as high as 83%.

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FAQ

Why Bullish?

Analysts predict a substantial earnings recovery, potentially boosting investor sentiment. Historical recoveries, such as in Q4 2020, show price spikes after positive earnings announcements.

How important is it?

Earnings forecasts and analyst ratings are critical for short-term price movements. Improving revenue outlook and analyst support may attract new investments.

Why Short Term?

Upcoming earnings report will likely influence share price within weeks. Immediate market reactions typically follow quarterly reports.

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