Q2 Earnings Estimate for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN) – Analysts at Roth Capital lifted their Q2 2026 earnings estimates for Iris Energy in a research report issued to clients and investors on Tuesday, January 21st. Roth Capital analyst D. Aftahi now expects that the company will earn $0.39 per share for the quarter, up from their previous estimate 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.

Several other equities analysts have also recently weighed in on IREN. Cantor Fitzgerald raised their price objective on Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Roth Mkm assumed coverage on shares of Iris Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price target on the stock. Canaccord Genuity Group upped their price objective on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. HC Wainwright increased their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Stock Performance

IREN stock opened at $13.32 on Thursday. The stock’s 50 day moving average is $11.80 and its 200-day moving average is $9.96. Iris Energy has a twelve month low of $3.56 and a twelve month high of $15.92.

Iris Energy (NASDAQ:IREN) last announced its quarterly earnings results on Tuesday, November 26th. The company reported ($0.22) earnings per share 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 Trading of Iris Energy

A number of large investors have recently bought and sold shares of the company. Calamos Advisors LLC bought a new position in shares of Iris Energy during the 4th quarter worth $1,899,000. Sippican Capital Advisors lifted its holdings in Iris Energy by 15.1% during the fourth quarter. Sippican Capital Advisors now owns 12,780 shares of the company’s stock valued at $126,000 after purchasing an additional 1,680 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its position in Iris Energy by 66.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company’s stock worth $1,228,000 after purchasing an additional 50,000 shares during the period. R Squared Ltd purchased a new position in shares of Iris Energy in the fourth quarter worth about $37,000. Finally, TRU Independence Asset Management 2 LLC bought a new stake in shares of Iris Energy in the fourth quarter valued at approximately $163,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

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.