Equities Analysts Offer Predictions for IREN Q3 Earnings

IREN Limited (NASDAQ:IREN) – Stock analysts at Roth Capital upped their Q3 2026 EPS estimates for shares of IREN in a research note issued on Monday, November 3rd. Roth Capital analyst D. Aftahi now expects that the company will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.17). Roth Capital has a “Buy” rating and a $94.00 price target 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 issued its quarterly earnings results on Thursday, August 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $187.30 million for the quarter, compared to the consensus estimate 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 also recently issued reports on IREN. Arete Research started coverage on shares of IREN in a research report on Wednesday, September 24th. They set a “buy” rating and a $78.00 target price on the stock. Macquarie upped their target price on shares of IREN to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. restated an “underweight” rating and set a $24.00 target price (up from $16.00) on shares of IREN in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c-)” rating on shares of IREN in a research report on Wednesday, October 8th. Finally, HC Wainwright restated a “sell” rating on shares of IREN in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.64.

IREN Stock Up 14.7%

Shares of NASDAQ IREN opened at $76.41 on Thursday. The firm’s 50-day simple moving average is $48.30 and its 200 day simple moving average is $25.31. The company has a market cap of $20.78 billion, a price-to-earnings ratio of 129.51 and a beta of 4.21. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.53. IREN has a 12-month low of $5.13 and a 12-month high of $76.87.

Insider Buying and Selling at IREN

In related 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 value of $33,130,000.00. Following the sale, the chief executive officer directly owned 13,989,696 shares in the company, valued at $463,478,628.48. This trade represents a 6.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.02% of the stock is owned by corporate insiders.

Institutional Trading of IREN

A number of hedge funds have recently modified their holdings of IREN. Valeo Financial Advisors LLC acquired a new stake in shares of IREN in the 1st quarter valued at approximately $91,000. TRU Independence Asset Management 2 LLC raised its position in shares of IREN by 22.1% in the 1st quarter. TRU Independence Asset Management 2 LLC now owns 20,241 shares of the company’s stock valued at $123,000 after acquiring an additional 3,670 shares during the period. Apollon Wealth Management LLC raised its position in shares of IREN by 28.9% in the 1st quarter. Apollon Wealth Management LLC now owns 20,471 shares of the company’s stock valued at $125,000 after acquiring an additional 4,587 shares during the period. Private Advisor Group LLC increased its stake in IREN by 4,075.5% during the 1st quarter. Private Advisor Group LLC now owns 508,118 shares of the company’s stock worth $3,094,000 after purchasing an additional 495,949 shares in the last quarter. Finally, Phoenix Financial Ltd. increased its stake in IREN by 25.6% during the 1st quarter. Phoenix Financial Ltd. now owns 60,990 shares of the company’s stock worth $373,000 after purchasing an additional 12,431 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN Company Profile

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.