Roth Capital Forecasts IREN's Q1 Earnings (NASDAQ:IREN)

Key Points

• Roth Capital has lowered its Q1 2026 earnings estimate for IREN to $0.13 per share from a previous forecast of $0.16, while maintaining a "Buy" rating and a $35 price target for the stock.
• The current consensus estimate for IREN's full-year earnings is $0.43 per share, with nine analysts rating the stock as a Buy and three as Hold.
• IREN's stock has experienced a year-to-date increase of 186% and is currently priced at $41.77, with a market cap of approximately $11.36 billion.

IREN Limited (NASDAQ:IREN - Free Report) - Equities researchers at Roth Capital dropped their Q1 2026 earnings per share (EPS) estimates for IREN in a research report issued on Tuesday, September 23rd. Roth Capital analyst D. Aftahi now expects that the company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.16. Roth Capital has a "Buy" rating and a $35.00 price target on the stock. The consensus estimate for IREN's current full-year earnings is $0.43 per share.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $16.00 price target (up previously from $12.00) on shares of IREN in a research note on Monday, July 28th. B. Riley upped their target price on shares of IREN from $22.00 to $29.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Wall Street Zen raised IREN from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Compass Point started coverage on IREN in a research report on Monday, September 15th. They set a "buy" rating on the stock. Finally, Macquarie upped their price objective on IREN from $20.00 to $33.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, IREN presently has a consensus rating of "Moderate Buy" and an average target price of $30.89.

IREN Stock Down 0.3%

IREN stock opened at $41.77 on Wednesday. The company's 50 day moving average is $23.73 and its 200 day moving average is $14.02. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 70.80 and a beta of 4.03. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.53. IREN has a 1-year low of $5.13 and a 1-year high of $44.25.

IREN (NASDAQ:IREN - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. IREN had a return on equity of 1.34% and a net margin of 33.03%.The firm had revenue of $187.30 million for the quarter, compared to analysts' expectations of $187.51 million.

Institutional Trading of IREN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IREN. Drive Wealth Management LLC boosted its holdings in IREN by 3.0% in the second quarter. Drive Wealth Management LLC now owns 40,924 shares of the company's stock valued at $596,000 after acquiring an additional 1,179 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of IREN by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 13,212 shares of the company's stock worth $80,000 after purchasing an additional 1,387 shares during the period. Centaurus Financial Inc. boosted its stake in shares of IREN by 5.3% during the 2nd quarter. Centaurus Financial Inc. now owns 31,150 shares of the company's stock valued at $454,000 after purchasing an additional 1,570 shares in the last quarter. Main Management ETF Advisors LLC increased its position in shares of IREN by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 105,528 shares of the company's stock valued at $1,538,000 after buying an additional 1,716 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of IREN by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company's stock valued at $66,000 after buying an additional 1,839 shares during the period. Hedge funds and other institutional investors own 41.08% of the company's stock.

Insider Buying and Selling at IREN

In other news, CEO Daniel John Roberts sold 1,000,000 shares of IREN stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $33.13, for a total value of $33,130,000.00. Following the sale, the chief executive officer directly owned 13,989,696 shares in the company, valued at approximately $463,478,628.48. This trade represents a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.55% of the company's stock.

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.