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

IREN Limited (NASDAQ:IREN - Free Report) - Roth Capital boosted their Q1 2026 earnings per share estimates for shares of IREN in a report released on Monday, July 7th. Roth Capital analyst D. Aftahi now anticipates that the company will earn $0.28 per share 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.

IREN has been the topic of several other reports. B. Riley raised their price objective on IREN from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Canaccord Genuity Group reissued a "buy" rating and set a $23.00 price target on shares of IREN in a report on Friday, May 16th. HC Wainwright lowered their target price on IREN from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Wall Street Zen cut IREN from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised IREN from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $15.00 to $12.00 in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.30.

IREN Stock Performance

IREN traded down $0.06 during trading hours on Tuesday, hitting $16.89. 28,461,826 shares of the stock were exchanged, compared to its average volume of 16,822,581. The stock has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $9.28. IREN has a 12 month low of $5.13 and a 12 month high of $18.54.

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

Institutional Investors Weigh In On IREN

A number of hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of IREN by 1,307.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock worth $55,825,000 after buying an additional 5,280,999 shares in the last quarter. Situational Awareness LP bought a new position in shares of IREN during the first quarter worth about $20,500,000. Vident Advisory LLC grew its holdings in shares of IREN by 0.6% during the first quarter. Vident Advisory LLC now owns 2,956,712 shares of the company's stock worth $18,006,000 after buying an additional 18,794 shares in the last quarter. Invesco Ltd. grew its holdings in shares of IREN by 22.5% during the fourth quarter. Invesco Ltd. now owns 2,311,583 shares of the company's stock worth $22,700,000 after buying an additional 424,403 shares in the last quarter. Finally, Regal Partners Ltd grew its holdings in shares of IREN by 93.9% during the fourth quarter. Regal Partners Ltd now owns 1,697,554 shares of the company's stock worth $16,670,000 after buying an additional 822,251 shares in the last quarter. Institutional investors and hedge funds own 41.08% of the company's stock.

About IREN

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