Q2 Earnings Estimate for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN - Free Report) - Stock analysts at Roth Capital upped their Q2 2026 EPS estimates for shares of Iris Energy in a research note issued 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 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.

Iris Energy (NASDAQ:IREN - Get Free Report) last released its 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%.

A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $15.00 price target (up from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. Cantor Fitzgerald increased their price target on Iris Energy from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Iris Energy in a research report on Wednesday, November 27th. Roth Mkm started coverage on Iris Energy in a research report on Wednesday, October 2nd. They issued a "buy" rating and a $14.00 price objective for the company. Finally, B. Riley raised their target price on shares of Iris Energy from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.50.

Iris Energy Stock Performance

Shares of NASDAQ:IREN traded up $1.04 during mid-day trading on Thursday, reaching $13.32. The stock had a trading volume of 22,592,760 shares, compared to its average volume of 15,687,735. The firm has a 50 day simple moving average of $11.74 and a two-hundred day simple moving average of $9.97. Iris Energy has a twelve month low of $3.56 and a twelve month high of $15.92.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings in shares of Iris Energy by 3.2% in the 2nd quarter. Truist Financial Corp now owns 51,575 shares of the company's stock valued at $582,000 after buying an additional 1,575 shares during the last quarter. Sippican Capital Advisors lifted its stake in Iris Energy by 15.1% in the fourth quarter. Sippican Capital Advisors now owns 12,780 shares of the company's stock valued at $126,000 after acquiring an additional 1,680 shares during the last quarter. Drive Wealth Management LLC grew its position in shares of Iris Energy by 5.8% in the 4th quarter. Drive Wealth Management LLC now owns 39,690 shares of the company's stock valued at $390,000 after acquiring an additional 2,193 shares during the period. R Squared Ltd acquired a new position in shares of Iris Energy during the 4th quarter worth about $37,000. Finally, Evolution Wealth Advisors LLC raised its holdings in shares of Iris Energy by 8.7% in the 4th quarter. Evolution Wealth Advisors LLC now owns 47,880 shares of the company's stock valued at $470,000 after purchasing an additional 3,830 shares during the period. 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.