IREN Stock Gets Reduced EPS Estimate from HC Wainwright

IREN Limited (NASDAQ:IREN) – Investment analysts at HC Wainwright dropped their Q2 2027 EPS estimates for shares of IREN in a report released on Friday, November 6th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($0.88) per share for the quarter, down from their prior estimate of ($0.54). HC Wainwright has a “Buy” rating and a $56.00 price objective on the stock. The consensus estimate for IREN’s current full-year earnings is ($0.49) per share. HC Wainwright also issued estimates for IREN’s Q3 2027 earnings at $0.74 EPS and Q4 2027 earnings at ($0.67) EPS.

A number of other equities analysts also recently issued reports on IREN. Citigroup reaffirmed a “market outperform” rating on shares of IREN in a report on Friday, August 28th. Morgan Stanley lowered shares of IREN to a “buy” rating in a research report on Wednesday, September 2nd. JonesTrading raised shares of IREN from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday. B. Riley Financial dropped their target price on shares of IREN from $91.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 target price on shares of IREN in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.57.

IREN Price Performance

IREN stock opened at $21.41 on Tuesday. The company has a market capitalization of $8.44 billion, a P/E ratio of -5.25 and a beta of 4.33. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. IREN has a 52-week low of $17.16 and a 52-week high of $70.71. The business has a 50-day simple moving average of $35.59 and a two-hundred day simple moving average of $43.44.

IREN (NASDAQ:IREN) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.06. The firm had revenue of $228.00 million for the quarter, compared to the consensus estimate of $228.26 million. IREN had a negative net margin of 99.38% and a negative return on equity of 15.46%.

Institutional Trading of IREN

A number of institutional investors have recently added to or reduced their stakes in IREN. Western Wealth Management LLC increased its position in shares of IREN by 23.0% during the third quarter. Western Wealth Management LLC now owns 11,564 shares of the company’s stock valued at $473,000 after buying an additional 2,162 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of IREN in the third quarter worth about $416,000. Phoenix Financial Ltd. lifted its holdings in shares of IREN by 11.7% in the third quarter. Phoenix Financial Ltd. now owns 11,000 shares of the company’s stock worth $451,000 after buying an additional 1,150 shares in the last quarter. Eurizon Capital SGR S.p.A. boosted its position in shares of IREN by 13.1% in the third quarter. Eurizon Capital SGR S.p.A. now owns 34,405 shares of the company’s stock valued at $1,406,000 after acquiring an additional 3,990 shares during the period. Finally, R Squared Ltd bought a new position in shares of IREN in the third quarter valued at approximately $218,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN reported fiscal Q1 AI cloud revenue of about $200 million, nearly all of its $228 million in total revenue. One bullish analysis cited 182% quarter-over-quarter AI cloud growth and a 29% adjusted EBITDA margin as evidence that the business is scaling. IREN Could Be 70% Undervalued On Strong Q1 AI Cloud Revenue
• Positive Sentiment: The company plans to exit bitcoin mining by the end of 2026 and focus capital on AI data centers, aligning its business with demand for AI computing. JonesTrading upgraded the shares to Buy with a $40 target, though that target remains well below some earlier expectations. Why IREN Is Exiting Bitcoin Mining JonesTrading upgrade
• Neutral Sentiment: JPMorgan kept an Overweight rating but reduced its price target from $65 to $55. Cantor Fitzgerald also maintained Overweight while cutting its target sharply, from $99 to $47, reflecting a more cautious outlook despite potential upside from current levels. JPMorgan price target Cantor cuts IREN price target
• Negative Sentiment: IREN’s goal of more than $4 billion in annual recurring revenue has slipped to early 2027. Reports cite delayed customer deployments, including Microsoft-related capacity, alongside rising costs, ongoing losses, and a potential $6 billion funding gap. These issues raise doubts about how quickly the company can turn its large contracted backlog into revenue. IREN’s $4B Revenue Goal Delayed
• Negative Sentiment: Broader worries about lending to AI data-center developers add pressure to a capital-intensive expansion. The combination of deployment delays and financing needs is a key counterweight to IREN’s strong AI revenue growth. AI lending worries mount

About IREN

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs.

Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas.