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Stock impact report

IREN Limited Gears Up for Q2 Earnings: What Lies Ahead for the Stock? [Yahoo! Finance]

Iris Energy Limited (IREN) 
Company Research Source: Yahoo! Finance
The Zacks Consensus Estimate for fiscal second-quarter revenues is currently pegged at $230.12 million, indicating 92.42% year-over-year growth. The consensus mark for the bottom-line loss is currently pegged at 9 cents, widened by two cents over the past 30 days. This indicates a sharp year-over-year deterioration from earnings of 9 cents. Image Source: Zacks Investment Research Over the last four quarters, the company has struggled to surpass expectations, missing the Zacks Consensus Estimate thrice and beating only once, delivering an average negative earnings surprise of 26.52%. IREN Limited price-eps-surprise | IREN Limited Quote Our proven model does not conclusively predict an earnings beat for IREN this time around. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as you can see below. IREN Limited has an Earnings ESP of Show less Read more
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