Roth Capital Issues Positive Outlook for IREN Earnings

IREN Limited (NASDAQ:IREN - Free Report) - Investment analysts at Roth Capital upped their Q1 2026 earnings per share estimates for shares of IREN in a research report issued on Monday, July 7th. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of $0.28 for the quarter, up from their previous estimate of $0.26. 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 $0.19 EPS.

A number of other equities research analysts have also recently weighed in on IREN. JPMorgan Chase & Co. raised IREN from a "neutral" rating to an "overweight" rating and cut their price target for the company from $15.00 to $12.00 in a report on Thursday, March 13th. B. Riley reaffirmed a "buy" rating and set a $22.00 target price (up previously from $15.00) on shares of IREN in a research note on Thursday. Wall Street Zen cut IREN from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. HC Wainwright lowered their price target on IREN from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $23.00 price objective on shares of IREN in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.44.

IREN Trading Down 4.7%

NASDAQ:IREN traded down $0.80 during mid-day trading on Tuesday, hitting $16.23. The stock had a trading volume of 23,452,451 shares, compared to its average volume of 16,754,058. IREN has a 52 week low of $5.13 and a 52 week high of $18.54. The company has a 50 day simple moving average of $10.66 and a 200-day simple moving average of $9.46.

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

Institutional Trading of IREN

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HM Payson & Co. acquired a new position in IREN in the fourth quarter worth approximately $30,000. Crewe Advisors LLC bought a new stake in shares of IREN during the 1st quarter worth $39,000. Quarry LP bought a new stake in shares of IREN during the 1st quarter worth $40,000. Main Management LLC acquired a new position in shares of IREN in the 4th quarter worth $49,000. Finally, Delta Financial Group Inc. acquired a new stake in shares of IREN during the first quarter worth $61,000. 41.08% of the stock is currently owned by institutional investors.

About IREN

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