What is Roth Capital’s Forecast for Iris Energy Q2 Earnings?

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at Roth Capital increased their Q2 2026 earnings per share (EPS) estimates for shares of Iris Energy in a research report issued to clients and investors on Tuesday, January 21st. Roth Capital analyst D. Aftahi now forecasts 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.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald increased their target price on Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. HC Wainwright boosted their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. 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 report on Wednesday, November 27th. Macquarie boosted their price objective on Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Iris Energy Price Performance

IREN stock opened at $11.79 on Thursday. Iris Energy has a 1 year low of $3.56 and a 1 year high of $15.92. The firm has a 50-day moving average of $11.71 and a 200 day moving average of $9.96.

Iris Energy (NASDAQ:IREN) last announced its quarterly earnings results on Tuesday, November 26th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.11). Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%.

Hedge Funds Weigh In On Iris Energy

Several institutional investors have recently bought and sold shares of IREN. Bank of Montreal Can bought a new stake in Iris Energy in the 2nd quarter worth approximately $9,969,000. Marshall Wace LLP lifted its position in Iris Energy by 33.6% during the second quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock valued at $43,035,000 after purchasing an additional 958,494 shares during the last quarter. Scientech Research LLC grew its stake in shares of Iris Energy by 174.2% in the 2nd quarter. Scientech Research LLC now owns 48,541 shares of the company’s stock worth $548,000 after buying an additional 30,835 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Iris Energy in the 2nd quarter worth about $1,401,000. Finally, Point72 Asset Management L.P. raised its position in shares of Iris Energy by 478.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 164,800 shares of the company’s stock valued at $1,861,000 after buying an additional 136,300 shares in the last quarter. 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.