Analysts slashed fiscal year 2027 consensus earnings per share (EPS) estimates for IREN Ltd. following its latest quarterly report. The consensus forecast dropped 126% to an expected loss of $1.94 per share. This marks a significant decline from the previous estimated loss of $0.86 per share. Analysts also lowered the company's 2027 revenue forecast.
Higher costs and capital investments for IREN’s transition from Bitcoin mining to AI cloud infrastructure drove the revisions. The Zacks Consensus Estimate for full-year 2027 EPS also moved lower. Execution risks and the timing of AI capacity expansion weigh on near-term profitability. Heavy non-cash impairments reported for fiscal 2026 further pressured projections despite secured future revenue.