B. Riley Forecasts IREN's Q4 Earnings (NASDAQ:IREN)

IREN Limited (NASDAQ:IREN - Free Report) - Stock analysts at B. Riley lifted their Q4 2025 earnings per share (EPS) estimates for shares of IREN in a research report issued to clients and investors on Wednesday, July 9th. B. Riley analyst N. Giles now forecasts that the company will post earnings of $0.17 per share for the quarter, up from their previous forecast of $0.13. B. Riley has a "Buy" rating and a $22.00 price target on the stock. The consensus estimate for IREN's current full-year earnings is $0.43 per share. B. Riley also issued estimates for IREN's FY2027 earnings at $0.63 EPS.

IREN (NASDAQ:IREN - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.06). IREN had a negative net margin of 9.40% and a negative return on equity of 2.12%. The business had revenue of $148.10 million during the quarter, compared to the consensus estimate of $153.38 million.

Several other equities research analysts have also recently issued reports on the company. Wall Street Zen upgraded IREN from a "sell" rating to a "hold" rating in a research note on Saturday. HC Wainwright dropped their price objective on IREN from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, May 15th. Macquarie increased their target price on IREN from $15.50 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $23.00 price target on shares of IREN in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.44.

IREN Stock Performance

NASDAQ IREN traded down $0.80 during trading on Friday, reaching $16.23. The company's stock had a trading volume of 23,452,451 shares, compared to its average volume of 16,749,490. The firm has a 50 day moving average price of $10.66 and a 200 day moving average price of $9.44. IREN has a 12 month low of $5.13 and a 12 month high of $18.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of IREN by 1,307.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock worth $55,825,000 after purchasing an additional 5,280,999 shares during the last quarter. Situational Awareness LP acquired a new position in shares of IREN during the first quarter valued at about $20,500,000. Discovery Capital Management LLC CT bought a new position in shares of IREN in the fourth quarter valued at approximately $11,544,000. Two Sigma Investments LP lifted its stake in IREN by 193.2% during the 4th quarter. Two Sigma Investments LP now owns 1,602,642 shares of the company's stock valued at $15,738,000 after acquiring an additional 1,056,005 shares in the last quarter. Finally, Regal Partners Ltd boosted its holdings in IREN by 93.9% during the 4th quarter. Regal Partners Ltd now owns 1,697,554 shares of the company's stock worth $16,670,000 after acquiring an additional 822,251 shares during the last quarter. Institutional investors and hedge funds own 41.08% of the company's stock.

About IREN

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.