HC Wainwright Analysts Decrease Earnings Estimates for IREN

IREN Limited (NASDAQ:IREN) – HC Wainwright decreased their Q1 2026 earnings per share estimates for IREN in a report released on Wednesday, October 29th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.19. HC Wainwright currently has a “Sell” rating and a $45.00 target price on the stock. The consensus estimate for IREN’s current full-year earnings is $0.43 per share. HC Wainwright also issued estimates for IREN’s Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.33 EPS, Q1 2027 earnings at $0.34 EPS, Q2 2027 earnings at $0.35 EPS and FY2027 earnings at $1.31 EPS.

IREN (NASDAQ:IREN) last released its 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. The firm had revenue of $187.30 million during the quarter, compared to analysts’ expectations of $187.51 million. IREN had a net margin of 33.03% and a return on equity of 1.34%.

A number of other research analysts have also commented on the stock. Macquarie upped their price objective on shares of IREN to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Arete began coverage on IREN in a report on Wednesday, September 24th. They issued a “buy” rating and a $78.00 price target for the company. Roth Capital reaffirmed a “buy” rating and issued a $35.00 price target on shares of IREN in a report on Friday, August 29th. Compass Point began coverage on IREN in a research note on Monday, September 15th. They issued a “buy” rating for the company. Finally, Wall Street Zen upgraded IREN from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.27.

IREN Stock Down 3.6%

Shares of IREN opened at $58.22 on Thursday. The company has a 50-day simple moving average of $44.67 and a 200-day simple moving average of $23.44. The firm has a market capitalization of $15.83 billion, a P/E ratio of 98.68 and a beta of 4.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 4.29 and a current ratio of 4.29. IREN has a 52 week low of $5.13 and a 52 week high of $74.15.

Insider Buying and Selling at IREN

In other 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 completion of 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 filing with the SEC, which is accessible through this link. Insiders own 5.02% of the company’s stock.

Institutional Trading of IREN

Hedge funds have recently modified their holdings of the company. Vontobel Holding Ltd. increased its holdings in IREN by 36.0% during the 1st quarter. Vontobel Holding Ltd. now owns 76,080 shares of the company’s stock valued at $463,000 after purchasing an additional 20,157 shares in the last quarter. Sippican Capital Advisors increased its stake in shares of IREN by 47.4% in the first quarter. Sippican Capital Advisors now owns 18,840 shares of the company’s stock valued at $115,000 after buying an additional 6,060 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of IREN in the first quarter valued at $91,000. TRU Independence Asset Management 2 LLC increased its stake in shares of IREN by 22.1% in the first quarter. TRU Independence Asset Management 2 LLC now owns 20,241 shares of the company’s stock valued at $123,000 after buying an additional 3,670 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its stake in shares of IREN by 28.9% in the first quarter. Apollon Wealth Management LLC now owns 20,471 shares of the company’s stock valued at $125,000 after buying an additional 4,587 shares in the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

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.