Q2 Earnings Estimate for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IRENFree Report) – Research analysts at Roth Capital upped their Q2 2026 earnings per share (EPS) estimates for shares of Iris Energy in a note issued to investors on Tuesday, January 21st. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of $0.39 for the quarter, up from their prior forecast of $0.35. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.12 per share. Roth Capital also issued estimates for Iris Energy’s Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $1.43 EPS and FY2027 earnings at $0.95 EPS.

A number of other research firms also recently commented on IREN. HC Wainwright increased their target price on Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Macquarie raised their price target on Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. B. Riley raised their price target on Iris Energy from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. Finally, Roth Mkm started coverage on Iris Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Read Our Latest Analysis on Iris Energy

Iris Energy Stock Up 5.3 %

NASDAQ:IREN opened at $12.28 on Thursday. The business’s 50 day moving average is $11.74 and its two-hundred day moving average is $9.97. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92.

Iris Energy (NASDAQ:IRENGet Free Report) last released its earnings results on Tuesday, November 26th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.11). Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%.

Institutional Trading of Iris Energy

Several large investors have recently added to or reduced their stakes in IREN. Bank of Montreal Can acquired a new stake in Iris Energy in the 2nd quarter valued at approximately $9,969,000. Marshall Wace LLP increased its position in shares of Iris Energy by 33.6% during the 2nd quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock valued at $43,035,000 after purchasing an additional 958,494 shares during the period. Scientech Research LLC increased its position in shares of Iris Energy by 174.2% during the 2nd quarter. Scientech Research LLC now owns 48,541 shares of the company’s stock valued at $548,000 after purchasing an additional 30,835 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Iris Energy during the 2nd quarter valued at $1,401,000. Finally, Point72 Asset Management L.P. increased its position in shares of Iris Energy by 478.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 164,800 shares of the company’s stock valued at $1,861,000 after purchasing an additional 136,300 shares during the period. 41.08% of the stock is currently owned by institutional investors and hedge funds.

Iris Energy Company Profile

(Get Free Report)

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

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Earnings History and Estimates for Iris Energy (NASDAQ:IREN)

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