Q2 Earnings Forecast for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at Roth Capital raised their Q2 2026 earnings per share 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 earn $0.39 per share for the quarter, up from their previous forecast of $0.35. Roth Capital currently 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 research firms also recently weighed in on IREN. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research report on Wednesday, November 27th. BTIG Research assumed coverage on Iris Energy in a research report on Friday, December 20th. They set a “buy” rating and a $33.00 target price on the stock. B. Riley increased their target price on Iris Energy from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Roth Mkm assumed coverage on Iris Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 target price on the stock. Finally, Canaccord Genuity Group upped their price target on Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Trading Up 5.3 %

NASDAQ IREN opened at $12.28 on Thursday. The business’s 50-day moving average price is $11.74 and its 200 day moving average price is $9.97. Iris Energy has a twelve month low of $3.56 and a twelve month high of $15.92.

Iris Energy (NASDAQ:IREN) last issued its quarterly earnings data on Tuesday, November 26th. The company reported ($0.22) earnings per share (EPS) 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 Investors Weigh In On Iris Energy

A number of large investors have recently modified their holdings of the stock. Truist Financial Corp grew its stake in shares of Iris Energy by 3.2% in the second 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 in the last quarter. Sippican Capital Advisors grew its stake in shares of 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 buying an additional 1,680 shares in the last quarter. Drive Wealth Management LLC grew its stake in Iris Energy by 5.8% during the 4th quarter. Drive Wealth Management LLC now owns 39,690 shares of the company’s stock valued at $390,000 after purchasing an additional 2,193 shares in the last quarter. R Squared Ltd acquired a new stake in Iris Energy during the 4th quarter valued at approximately $37,000. Finally, Evolution Wealth Advisors LLC grew its stake in Iris Energy by 8.7% during 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 in the last quarter. Institutional investors and hedge funds 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.