Roth Capital Estimates IREN’s Q2 Earnings (NASDAQ:IREN)

IREN Limited (NASDAQ:IREN) – Equities researchers at Roth Capital dropped their Q2 2026 earnings estimates for shares of IREN in a note issued to investors on Monday, June 16th. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast 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.

IREN (NASDAQ:IREN) last released its quarterly earnings data 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 firm 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%.

IREN has been the topic of several other reports. Macquarie raised their target price on shares of IREN from $15.50 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Canaccord Genuity Group restated a “buy” rating and set a $23.00 target price on shares of IREN in a report on Friday, May 16th. JPMorgan Chase & Co. upgraded shares of IREN from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $15.00 to $12.00 in a report on Thursday, March 13th. Wall Street Zen downgraded shares of IREN from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, HC Wainwright dropped their target price on shares of IREN from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.30.

IREN Stock Performance

Shares of IREN stock opened at $9.80 on Wednesday. The company’s 50 day moving average price is $7.79 and its two-hundred day moving average price is $9.31. IREN has a 52 week low of $5.13 and a 52 week high of $15.92.

Institutional Trading of IREN

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

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.