Roth Capital Weighs in on IREN’s Q3 Earnings (NASDAQ:IREN)

IREN Limited (NASDAQ:IREN) – Stock analysts at Roth Capital lifted their Q3 2026 EPS estimates for IREN in a report released on Monday, November 3rd. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of ($0.02) for the quarter, up from their previous estimate of ($0.17). Roth Capital has a “Buy” rating and a $94.00 price objective on the stock. The consensus estimate for IREN’s current full-year earnings is $0.43 per share. Roth Capital also issued estimates for IREN’s Q4 2026 earnings at $0.16 EPS, FY2026 earnings at $0.23 EPS and FY2027 earnings at $0.79 EPS.

A number of other research firms have also recently weighed in on IREN. Jones Trading cut IREN from a “buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Macquarie lifted their price target on shares of IREN to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Arete began coverage on shares of IREN in a research report on Wednesday, September 24th. They issued a “buy” rating and a $78.00 price target for the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $24.00 price objective (up from $16.00) on shares of IREN in a research note on Friday, September 26th. Finally, Compass Point restated a “buy” rating and set a $105.00 target price on shares of IREN in a research note on Friday. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.25.

IREN Stock Performance

NASDAQ:IREN opened at $62.38 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 4.29 and a current ratio of 4.29. The stock has a 50-day simple moving average of $49.90 and a two-hundred day simple moving average of $25.99. The firm has a market capitalization of $16.97 billion, a PE ratio of 32.15 and a beta of 4.21. IREN has a 52-week low of $5.13 and a 52-week high of $76.87.

IREN (NASDAQ:IREN) last announced its earnings results on Thursday, November 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). The company had revenue of $240.30 million during the quarter, compared to the consensus estimate of $244.60 million. IREN had a negative return on equity of 4.42% and a net margin of 86.96%.The firm’s quarterly revenue was up 28.3% on a year-over-year basis.

Insider Transactions at IREN

In other news, CEO Daniel John Roberts sold 1,000,000 shares of IREN stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $33.13, for a total transaction of $33,130,000.00. Following the sale, the chief executive officer owned 13,989,696 shares in the company, valued at $463,478,628.48. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IREN

Institutional investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new stake in IREN in the 2nd quarter worth $6,877,000. Aurelius Capital Management LP bought a new stake in shares of IREN in the first quarter worth about $311,000. Balefire LLC bought a new stake in shares of IREN in the second quarter worth about $1,214,000. X Square Capital LLC lifted its position in shares of IREN by 129.9% in the second quarter. X Square Capital LLC now owns 435,951 shares of the company’s stock worth $6,352,000 after buying an additional 246,333 shares in the last quarter. Finally, Hartline Investment Corp bought a new position in IREN during the second quarter valued at approximately $228,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.