What is Roth Capital's Forecast for IREN Q2 Earnings?

IREN Limited (NASDAQ:IREN - Free Report) - Equities researchers at Roth Capital reduced their Q2 2026 earnings estimates for shares of IREN in a research report issued on Monday, June 16th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.09. The consensus estimate for IREN's current full-year earnings is $0.43 per share. Roth Capital also issued estimates for IREN's Q4 2026 earnings at $0.16 EPS and FY2026 earnings at $0.56 EPS.

A number of other research firms have also weighed in on IREN. Macquarie boosted their target price on shares of IREN from $15.50 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. raised shares of IREN from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Thursday, March 13th. HC Wainwright cut their price objective on shares of IREN from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Wall Street Zen lowered shares of IREN from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $23.00 price objective on shares of IREN in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.30.

IREN Price Performance

IREN stock opened at $9.77 on Wednesday. IREN has a fifty-two week low of $5.13 and a fifty-two week high of $15.92. The firm has a fifty day moving average price of $7.71 and a two-hundred day moving average price of $9.31.

IREN (NASDAQ:IREN - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 earnings per share (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 during the quarter, compared to analyst estimates of $153.38 million.

Institutional Trading of IREN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IREN. Vontobel Holding Ltd. grew its stake in shares of IREN by 13.4% during the fourth quarter. Vontobel Holding Ltd. now owns 55,923 shares of the company's stock valued at $549,000 after purchasing an additional 6,601 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of IREN during the fourth quarter valued at approximately $587,000. Private Advisor Group LLC bought a new stake in shares of IREN during the fourth quarter valued at approximately $120,000. Bank of America Corp DE grew its stake in shares of IREN by 46.5% during the fourth quarter. Bank of America Corp DE now owns 186,736 shares of the company's stock valued at $1,834,000 after purchasing an additional 59,250 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of IREN by 1,059.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company's stock valued at $82,000 after purchasing an additional 7,646 shares during the last quarter. 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.

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