Q2 Earnings Forecast for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN - Free Report) - Equities research analysts at Roth Capital increased their Q2 2026 earnings estimates for Iris Energy in a note issued to investors 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.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald lifted their price objective on shares of Iris Energy from $20.00 to $23.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. B. Riley lifted their price target on Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Macquarie upped their price objective on Iris Energy from $13.50 to $19.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Finally, BTIG Research began coverage on shares of Iris Energy in a research report on Friday, December 20th. They set a "buy" rating and a $33.00 price target for the company. Two equities 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.50.

Iris Energy Trading Up 5.3 %

NASDAQ IREN traded up $0.62 during trading on Thursday, reaching $12.28. 21,914,127 shares of the company's stock traded hands, compared to its average volume of 15,189,873. The company's 50 day simple moving average is $11.74 and its two-hundred day simple moving average is $9.97. Iris Energy has a 12-month low of $3.56 and a 12-month high of $15.92.

Iris Energy (NASDAQ:IREN - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Main Management ETF Advisors LLC purchased a new stake in Iris Energy in the third quarter valued at approximately $760,000. Van ECK Associates Corp lifted its stake in Iris Energy by 56.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company's stock valued at $13,938,000 after acquiring an additional 576,726 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Iris Energy by 123.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company's stock valued at $416,000 after acquiring an additional 27,212 shares during the last quarter. Creative Planning increased its stake in shares of Iris Energy by 71.2% in the third quarter. Creative Planning now owns 457,625 shares of the company's stock worth $3,862,000 after acquiring an additional 190,300 shares during the period. Finally, Campbell Capital Management Inc. purchased a new position in shares of Iris Energy during the third quarter worth $608,000. Hedge funds and other 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.