What is HC Wainwright’s Forecast for IREN FY2026 Earnings?

IREN Limited (NASDAQ:IREN) – Investment analysts at HC Wainwright dropped their FY2026 earnings estimates for IREN in a report released on Friday, May 8th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($1.71) per share for the year, down from their prior forecast of ($1.12). HC Wainwright currently has a “Buy” rating and a $85.00 target price on the stock. The consensus estimate for IREN’s current full-year earnings is ($0.80) per share. HC Wainwright also issued estimates for IREN’s Q4 2026 earnings at ($0.31) EPS, Q1 2027 earnings at ($0.59) EPS, Q2 2027 earnings at ($0.86) EPS, Q3 2027 earnings at $0.18 EPS, Q4 2027 earnings at ($0.14) EPS and FY2027 earnings at ($1.41) EPS.

IREN has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Monday. Freedom Capital raised shares of IREN to a “hold” rating in a research note on Wednesday, April 1st. Canaccord Genuity Group reissued a “buy” rating and set a $70.00 price objective on shares of IREN in a research note on Tuesday, February 10th. Cantor Fitzgerald cut their price objective on shares of IREN to $61.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, B. Riley Financial reiterated a “buy” rating on shares of IREN in a report on Friday, February 6th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.77.

IREN Stock Performance

Shares of IREN opened at $55.15 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 114.90 and a beta of 4.17. The company’s 50 day simple moving average is $43.16 and its 200 day simple moving average is $46.73. IREN has a 1 year low of $7.29 and a 1 year high of $76.87.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $144.80 million for the quarter, compared to analysts’ expectations of $219.69 million. IREN had a net margin of 20.90% and a negative return on equity of 13.49%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in shares of IREN during the 3rd quarter worth about $25,000. Miller Wealth Advisors LLC increased its position in IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in IREN during the 4th quarter worth approximately $26,000. Clearstead Trust LLC acquired a new stake in IREN during the 4th quarter worth approximately $27,000. Finally, Aventura Private Wealth LLC acquired a new stake in IREN during the 4th quarter worth approximately $28,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN said demand for its convertible notes was strong enough to upsizes the offering to $2.6 billion from $2 billion, suggesting investors were willing to fund its AI/data-center expansion. The notes carry a low 1.00% coupon and a 32.5% conversion premium, which can be viewed as favorable financing terms. Article Title
• Positive Sentiment: The company’s recent $3.4 billion Nvidia AI infrastructure deal continues to support the bullish case for IREN, reinforcing its pivot from bitcoin mining toward higher-growth AI cloud and data-center services. Article Title
• Neutral Sentiment: JPMorgan raised its price target on IREN to $46 from $39, but kept an Underweight rating, signaling skepticism even after acknowledging more upside than before. Article Title
• Neutral Sentiment: Some commentary says the stock’s pullback reflects investors reassessing the cost of IREN’s AI buildout and the new debt load, rather than a change in the long-term AI strategy. Article Title
• Negative Sentiment: The enlarged convertible notes offering increases leverage and creates some dilution risk, which is why the market has also treated the financing announcement cautiously. Article Title

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.