HC Wainwright Predicts IREN’s Q2 Earnings (NASDAQ:IREN)

IREN Limited (NASDAQ:IREN) – Equities research analysts at HC Wainwright cut their Q2 2026 earnings estimates for IREN in a note issued to investors on Tuesday, January 13th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of ($0.13) per share for the quarter, down from their prior forecast of ($0.06). HC Wainwright has a “Buy” rating and a $80.00 price target on the stock. The consensus estimate for IREN’s current full-year earnings is $0.43 per share. HC Wainwright also issued estimates for IREN’s Q3 2026 earnings at ($0.18) EPS, Q4 2026 earnings at ($0.12) EPS, FY2026 earnings at ($0.80) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at $0.01 EPS, Q3 2027 earnings at ($0.03) EPS, Q4 2027 earnings at ($0.03) EPS and FY2027 earnings at ($0.10) EPS.

A number of other analysts also recently issued reports on IREN. Citizens Jmp assumed coverage on IREN in a report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price target for the company. UBS Group reissued a “buy” rating on shares of IREN in a research report on Friday, November 7th. Macquarie upped their price target on IREN to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. JMP Securities set a $80.00 price target on shares of IREN in a research note on Wednesday, November 19th. Finally, Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, IREN presently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

IREN Stock Performance

Shares of IREN stock opened at $52.88 on Thursday. The company has a market cap of $14.99 billion, a P/E ratio of 27.26 and a beta of 4.25. The firm has a fifty day moving average price of $45.68 and a 200 day moving average price of $38.26. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. IREN has a 12 month low of $5.13 and a 12 month high of $76.87.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). IREN had a net margin of 86.96% and a negative return on equity of 3.60%. The firm had revenue of $240.30 million during the quarter, compared to analysts’ expectations of $244.60 million. IREN’s revenue was up 28.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IREN. Global Retirement Partners LLC acquired a new stake in shares of IREN in the third quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new stake in IREN in the 4th quarter valued at $28,000. Allianz SE acquired a new stake in IREN during the 3rd quarter worth $57,000. Sherman Asset Management Inc. acquired a new stake in IREN during the 3rd quarter worth $59,000. Finally, Advisors Asset Management Inc. grew its position in IREN by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock worth $66,000 after purchasing an additional 1,839 shares during the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN from Sell to Buy and set an $80 price target (~50% upside from recent levels), a headline move that prompted buying interest and re‑ratings by other market participants. HC Wainwright Upgrades IREN
• Positive Sentiment: HC Wainwright raised several 2027 quarterly estimates and materially improved its FY2027 outlook (FY2027 EPS revised from -$0.23 to -$0.10), signaling a more constructive multi‑year view tied to IREN’s AI/infrastructure roadmap. (Research note released Jan 13)
• Positive Sentiment: Independent bullish coverage highlights IREN’s AI opportunity and deal flow with hyperscalers — Seeking Alpha and other outlets argue the stock is attractively valued vs. growth potential, which supports further momentum. IREN: Cheap Valuation Means I Am Doubling Down
• Neutral Sentiment: Coverage in industry roundups (MarketBeat) places IREN among GPU‑as‑a‑Service providers: the piece notes IREN owns data centers and has developer tools but ranks it behind some peers on platform breadth — supportive of the thesis but not a top pick. (Market coverage Jan 16)
• Negative Sentiment: HC Wainwright also cut near‑term 2026 estimates — including lowering FY2026 EPS to -$0.80 (from -$0.51) and trimming several Q2–Q4 2026 quarter forecasts — which creates short‑term earnings risk and could fuel volatility if results miss. (Research note released Jan 13)
• Neutral Sentiment: Company narrative shift away from Bitcoin mining toward AI infrastructure (reported in press coverage) is strategic upside long term but requires execution (asset conversion, customer wins) before translating fully into sustainable earnings. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure

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.