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

IREN Limited (NASDAQ:IREN) – Equities research analysts at HC Wainwright raised their Q2 2027 earnings per share (EPS) estimates for shares of IREN in a note issued to investors on Friday, August 28th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings per share of ($0.54) for the quarter, up from their previous forecast of ($0.63). HC Wainwright has a “Buy” rating and a $90.00 price target on the stock. The consensus estimate for IREN’s current full-year earnings is ($0.11) per share. HC Wainwright also issued estimates for IREN’s Q3 2027 earnings at ($0.28) EPS, Q4 2027 earnings at ($0.20) EPS and FY2027 earnings at ($1.61) EPS.

Several other analysts also recently commented on IREN. Citigroup reaffirmed a “market outperform” rating on shares of IREN in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of IREN from $39.00 to $46.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Freedom Capital upgraded shares of IREN from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. BTIG Research reaffirmed a “buy” rating and issued a $80.00 price target on shares of IREN in a research note on Friday. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $79.00 price objective on shares of IREN in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

IREN Stock Performance

Shares of IREN stock opened at $37.12 on Tuesday. The business has a 50-day moving average price of $40.80 and a two-hundred day moving average price of $45.48. IREN has a 1-year low of $25.31 and a 1-year high of $76.87. The company has a market cap of $13.27 billion, a P/E ratio of -15.86 and a beta of 4.29. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.80.

Hedge Funds Weigh In On IREN

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its position in IREN by 6,197.8% in the 2nd quarter. California State Teachers Retirement System now owns 22,963,091 shares of the company’s stock valued at $1,050,102,000 after purchasing an additional 22,598,469 shares during the period. Situational Awareness LP raised its holdings in IREN by 34.5% during the first quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after buying an additional 2,998,214 shares during the last quarter. Marex Group plc lifted its stake in shares of IREN by 14,216.7% in the fourth quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock valued at $168,880,000 after buying an additional 4,440,032 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of IREN in the fourth quarter valued at $158,677,000. Finally, Clear Street Group Inc. acquired a new position in shares of IREN during the fourth quarter valued at about $137,075,000. 41.08% of the stock is owned by institutional investors and hedge funds.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Co-CEO Daniel Roberts said customer prepayments and debt should fund most of IREN’s fiscal 2027 capital expenditures, with unencumbered data centers providing an additional financing option. This helped ease fears that the company would need a large equity offering to fund its expansion. IREN CEO says debt and prepayments can fund most of FY27 capex
• Positive Sentiment: IREN is targeting more than $4 billion in contracted annual recurring revenue by December, reflecting strong demand for its AI cloud capacity. Bullish analysts view its power and data-center infrastructure as valuable amid a shortage of sites available to AI developers and hyperscalers. IREN’s $4B Contracted ARR: How Quickly Can It Convert Into Revenues?
• Positive Sentiment: Some analysts remain optimistic, with BTIG reiterating a Buy rating and another analyst assigning a highly bullish price target that implies substantial upside if IREN successfully executes its AI infrastructure strategy. BTIG Research Reiterates Buy Rating for IREN
• Neutral Sentiment: Most contracted ARR additions are expected to contribute meaningfully to revenue later, particularly around March 2027, because capacity is being added late in the current quarter. This supports the long-term outlook but limits near-term revenue acceleration. IREN’s $4B Contracted ARR: How Quickly Can It Convert Into Revenues?
• Negative Sentiment: Bearish coverage highlighted a $30 billion capital-expenditure plan, a large reported loss and adjusted EBITDA that remains insufficient relative to stock-based compensation and investment needs. Critics argue that operating cash flow may be flattered by customer prepayments and deferred revenue. IREN: $19M Of Ebitda Against $30B Of CapEx
• Negative Sentiment: Investors also face execution risk from rising data-center component costs, delayed monetization of new capacity and the possibility that substantial financing needs ultimately pressure shareholders despite management’s funding assurances. IREN Stock Faces 3-Month Losing Streak After Q4 Miss

IREN Company Profile

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.