Roth Capital Weighs in on IREN's Q4 Earnings (NASDAQ:IREN)

IREN Limited (NASDAQ:IREN - Free Report) - Equities researchers at Roth Capital cut their Q4 2026 EPS estimates for IREN in a research report issued on Monday, June 30th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.16. The consensus estimate for IREN's current full-year earnings is $0.43 per share.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. raised IREN from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $15.00 to $12.00 in a research report on Thursday, March 13th. HC Wainwright reduced their target price on shares of IREN from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, May 15th. Macquarie raised their price target on shares of IREN from $15.50 to $20.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. B. Riley lifted their price objective on shares of IREN from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded IREN from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $20.30.

IREN Stock Performance

Shares of NASDAQ:IREN traded up $0.66 during trading on Tuesday, reaching $15.23. 41,710,140 shares of the company were exchanged, compared to its average volume of 16,478,866. The business's fifty day simple moving average is $8.82 and its 200-day simple moving average is $9.15. IREN has a 12-month low of $5.13 and a 12-month high of $16.20.

IREN (NASDAQ:IREN - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business had revenue of $148.10 million for the quarter, compared to the consensus estimate of $153.38 million. IREN had a negative return on equity of 2.12% and a negative net margin of 9.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new position in IREN in the 4th quarter worth approximately $30,000. Crewe Advisors LLC purchased a new stake in IREN in the 1st quarter valued at $39,000. Quarry LP purchased a new position in shares of IREN during the 1st quarter worth $40,000. Main Management LLC purchased a new position in shares of IREN during the 4th quarter worth $49,000. Finally, Delta Financial Group Inc. acquired a new position in shares of IREN during the 1st quarter valued at about $61,000. Hedge funds and other institutional investors own 41.08% of the company's stock.

IREN Company Profile

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