Q2 Earnings Estimate for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN) – Roth Capital upped their Q2 2026 earnings per share (EPS) estimates for shares of Iris Energy in a report released on Tuesday, January 21st. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of $0.39 for the quarter, up from their previous 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 brokerages also recently weighed in on IREN. BTIG Research began coverage on shares of Iris Energy in a research note on Friday, December 20th. They issued a “buy” rating and a $33.00 target price on the stock. Roth Mkm started coverage on Iris Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price target on the stock. HC Wainwright boosted their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research 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 research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Iris Energy has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Stock Performance

Iris Energy stock opened at $13.32 on Thursday. The business has a 50-day simple moving average of $11.80 and a 200 day simple moving average of $9.96. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92.

Iris Energy (NASDAQ:IREN) last announced its quarterly earnings results on Tuesday, November 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Iris Energy had a negative net margin of 36.10% and a negative return on equity of 8.01%.

Institutional Investors Weigh In On Iris Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Iris Energy in the fourth quarter worth $37,000. AFG Fiduciary Services Limited Partnership purchased a new stake in Iris Energy in the third quarter worth approximately $77,000. Covestor Ltd bought a new stake in Iris Energy in the 3rd quarter worth approximately $87,000. Sippican Capital Advisors bought a new stake in Iris Energy in the 3rd quarter worth approximately $94,000. Finally, Bluefin Capital Management LLC bought a new position in shares of Iris Energy during the 2nd quarter valued at $113,000. Institutional investors own 41.08% of the company’s stock.

About Iris Energy

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