Roth Capital Has Optimistic Outlook of IREN Q3 Earnings

IREN Limited (NASDAQ:IREN) – Research analysts at Roth Capital increased their Q3 2026 EPS estimates for IREN in a report issued on Monday, November 3rd. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.02) per share for the quarter, up from their prior estimate of ($0.17). Roth Capital currently has a “Buy” rating and a $94.00 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 Q4 2026 earnings at $0.16 EPS, FY2026 earnings at $0.23 EPS and FY2027 earnings at $0.79 EPS.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $187.30 million for the quarter, compared to analyst estimates 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 recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $75.00 price target on shares of IREN in a research note on Thursday, September 25th. Zacks Research downgraded IREN from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded IREN from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Cantor Fitzgerald raised their price objective on shares of IREN from $27.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Jones Trading lowered shares of IREN from a “buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.64.

IREN Stock Performance

Shares of IREN stock opened at $66.96 on Thursday. The company’s 50 day moving average price is $49.18 and its two-hundred day moving average price is $25.60. The firm has a market capitalization of $18.21 billion, a P/E ratio of 113.49 and a beta of 4.21. IREN has a fifty-two week low of $5.13 and a fifty-two week high of $76.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.29 and a quick ratio of 4.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IREN. Hood River Capital Management LLC bought a new position in IREN during the second quarter worth $74,228,000. Situational Awareness LP bought a new position in shares of IREN in the 1st quarter worth about $20,500,000. Merewether Investment Management LP acquired a new position in shares of IREN in the 2nd quarter valued at about $21,025,000. Alkeon Capital Management LLC bought a new stake in shares of IREN during the 2nd quarter valued at about $14,570,000. Finally, Invesco Ltd. grew its stake in IREN by 45.9% during the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock worth $43,341,000 after purchasing an additional 936,333 shares during the period. Institutional investors and hedge funds own 41.08% of the company’s stock.

Insider Buying and Selling

In other IREN news, CEO Daniel John Roberts sold 1,000,000 shares of the 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 represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.02% of the stock is owned by insiders.

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.