Q2 Earnings Forecast for Iris Energy Issued By HC Wainwright

Iris Energy Limited (NASDAQ:IREN) – HC Wainwright lifted their Q2 2026 EPS estimates for shares of Iris Energy in a report released on Thursday, May 15th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn $0.46 per share for the quarter, up from their previous forecast of $0.41. HC Wainwright currently has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.43 per share. HC Wainwright also issued estimates for Iris Energy’s Q3 2026 earnings at $0.50 EPS, Q4 2026 earnings at $0.53 EPS and FY2026 earnings at $1.83 EPS.

Iris Energy (NASDAQ:IREN) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. The company had revenue of $148.10 million for the quarter, compared to the consensus estimate of $153.38 million.

A number of other brokerages also recently commented on IREN. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price target on shares of Iris Energy in a report on Thursday, February 13th. JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $15.00 to $12.00 in a report on Thursday, March 13th. Macquarie increased their price target on shares of Iris Energy from $15.50 to $20.00 and gave the company an “outperform” rating in a report on Thursday. B. Riley increased their price target on shares of Iris Energy from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $23.00 price target on shares of Iris Energy in a report on Friday. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $20.30.

Iris Energy Stock Up 8.5%

Shares of NASDAQ:IREN opened at $8.41 on Friday. Iris Energy has a 12 month low of $5.13 and a 12 month high of $15.92. The company has a 50-day moving average price of $6.49 and a 200 day moving average price of $9.51.

Institutional Trading of Iris Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Iris Energy in the 4th quarter worth about $29,000. HM Payson & Co. purchased a new stake in Iris Energy in the 4th quarter worth about $30,000. R Squared Ltd purchased a new position in shares of Iris Energy during the fourth quarter worth approximately $37,000. Main Management LLC purchased a new position in shares of Iris Energy during the fourth quarter worth approximately $49,000. Finally, Crewe Advisors LLC purchased a new position in shares of Iris Energy during the first quarter worth approximately $39,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

About Iris Energy

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