Equities Analysts Issue Forecasts for IREN Q2 Earnings

IREN Limited (NASDAQ:IREN) – Investment analysts at Roth Capital dropped their Q2 2026 EPS estimates for IREN in a research note issued to investors on Tuesday, September 23rd. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.14. Roth Capital currently has a “Buy” rating and a $35.00 target price on the stock. The consensus estimate for IREN’s current full-year earnings is $0.43 per share. Roth Capital also issued estimates for IREN’s Q3 2026 earnings at ($0.17) EPS, Q4 2026 earnings at $0.00 EPS, FY2026 earnings at ($0.01) EPS and FY2027 earnings at $0.58 EPS.

Several other equities research analysts also recently weighed in on IREN. Arete assumed coverage on IREN in a report on Wednesday. They set a “buy” rating and a $78.00 price target on the stock. BTIG Research upped their target price on shares of IREN from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Wall Street Zen raised shares of IREN from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Macquarie boosted their price target on shares of IREN from $20.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Cantor Fitzgerald increased their price objective on shares of IREN from $27.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.42.

IREN Stock Down 1.8%

Shares of NASDAQ IREN opened at $46.29 on Thursday. The stock has a market cap of $12.59 billion, a P/E ratio of 78.46 and a beta of 4.03. The business’s fifty day simple moving average is $24.90 and its 200-day simple moving average is $14.53. IREN has a 12-month low of $5.13 and a 12-month high of $49.39. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.53.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. IREN had a net margin of 33.03% and a return on equity of 1.34%. The company had revenue of $187.30 million during the quarter, compared to analysts’ expectations of $187.51 million.

Insider Buying and Selling

In other IREN news, CEO Daniel John Roberts sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $33.13, for a total transaction of $33,130,000.00. Following the sale, the chief executive officer owned 13,989,696 shares of the company’s stock, valued at approximately $463,478,628.48. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IREN. Drive Wealth Management LLC raised its stake in IREN by 3.0% during the 2nd quarter. Drive Wealth Management LLC now owns 40,924 shares of the company’s stock worth $596,000 after acquiring an additional 1,179 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of IREN by 11.7% during the first quarter. Wellington Management Group LLP now owns 13,212 shares of the company’s stock worth $80,000 after purchasing an additional 1,387 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of IREN by 5.3% during the second quarter. Centaurus Financial Inc. now owns 31,150 shares of the company’s stock worth $454,000 after purchasing an additional 1,570 shares in the last quarter. Main Management ETF Advisors LLC lifted its holdings in shares of IREN by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 105,528 shares of the company’s stock valued at $1,538,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of IREN by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock valued at $66,000 after purchasing an additional 1,839 shares during the period. 41.08% of the stock is owned by hedge funds and other institutional investors.

About IREN

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