Roth Capital Issues Negative Estimate for IREN Earnings

Key Points

• Roth Capital has downgraded its earnings per share estimate for IREN Limited for Q1 2026 to $0.06, down from a previous estimate of $0.13, while maintaining a "Buy" rating with a target price of $94.00.
• The company's latest earnings report showed a net margin of 33.03% and a return on equity of 1.34%, with revenues slightly below consensus estimates.
• Notable price targets from other analysts include $78.00 from Arete Research and $75.00 from BTIG Research, reflecting a general trend of positive sentiment despite Roth's recent downgrade.

IREN Limited (NASDAQ:IREN - Free Report) - Research analysts at Roth Capital reduced their Q1 2026 earnings per share estimates for shares of IREN in a report released on Monday, November 3rd. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.13. Roth Capital currently has a "Buy" rating and a $94.00 target price on the stock. The consensus estimate for IREN's current full-year earnings is $0.43 per share. Roth Capital also issued estimates for IREN's Q2 2026 earnings at $0.01 EPS.

IREN (NASDAQ:IREN - Get Free Report) last released its 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. The company had revenue of $187.30 million for the quarter, compared to the consensus estimate of $187.51 million. IREN had a return on equity of 1.34% and a net margin of 33.03%.

Several other equities analysts also recently commented on IREN. Arete Research started coverage on IREN in a research report on Wednesday, September 24th. They issued a "buy" rating and a $78.00 price objective on the stock. B. Riley restated a "buy" rating on shares of IREN in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. restated an "underweight" rating and issued a $24.00 price objective (up from $16.00) on shares of IREN in a research report on Friday, September 26th. BTIG Research boosted their price objective on IREN from $32.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, October 14th. Finally, Cantor Fitzgerald boosted their price objective on IREN from $27.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.64.

IREN Price Performance

NASDAQ IREN opened at $66.63 on Wednesday. The business's fifty day moving average is $47.22 and its 200 day moving average is $24.95. IREN has a fifty-two week low of $5.13 and a fifty-two week high of $75.73. The company has a market capitalization of $18.12 billion, a PE ratio of 112.93 and a beta of 4.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 4.29 and a current ratio of 4.29.

Institutional Investors Weigh In On IREN

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in IREN during the third quarter worth approximately $25,000. Vermillion Wealth Management Inc. bought a new position in shares of IREN during the third quarter valued at approximately $74,000. CWM LLC bought a new position in shares of IREN during the third quarter valued at approximately $165,000. Advisors Asset Management Inc. grew its stake 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 last quarter. Finally, Pinnacle Financial Partners Inc bought a new position in shares of IREN during the third quarter valued at approximately $213,000. 41.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other IREN news, CEO Daniel John Roberts sold 1,000,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $33.13, for a total transaction of $33,130,000.00. Following the sale, the chief executive officer directly owned 13,989,696 shares of the company's stock, valued at $463,478,628.48. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.02% of the stock is owned by insiders.

IREN Company Profile

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.

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