Iris Energy Limited (NASDAQ:IREN - Free Report) - Analysts at B. Riley dropped their Q3 2025 EPS estimates for Iris Energy in a research report issued to clients and investors on Monday, April 28th. B. Riley analyst N. Giles now forecasts that the company will post earnings per share of $0.10 for the quarter, down from their prior estimate of $0.17. The consensus estimate for Iris Energy's current full-year earnings is $0.43 per share. B. Riley also issued estimates for Iris Energy's Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.15 EPS, FY2026 earnings at $0.54 EPS and FY2027 earnings at $0.39 EPS.
Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price objective on shares of Iris Energy in a report on Thursday, February 13th. JPMorgan Chase & Co. raised Iris Energy from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $15.00 to $12.00 in a research report on Thursday, March 13th. Canaccord Genuity Group lifted their target price on Iris Energy from $17.00 to $23.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Needham & Company LLC restated a "hold" rating on shares of Iris Energy in a report on Thursday, February 13th. Finally, HC Wainwright lifted their price objective on shares of Iris Energy from $16.00 to $22.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Iris Energy has an average rating of "Buy" and an average target price of $20.40.
View Our Latest Research Report on IREN
Iris Energy Trading Down 5.2 %
Shares of NASDAQ IREN traded down $0.34 during mid-day trading on Thursday, reaching $6.19. 8,053,778 shares of the company's stock were exchanged, compared to its average volume of 15,797,339. The business has a fifty day simple moving average of $6.57 and a 200 day simple moving average of $9.68. Iris Energy has a twelve month low of $4.65 and a twelve month high of $15.92.
Iris Energy (NASDAQ:IREN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.13. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%.
Hedge Funds Weigh In On Iris Energy
Several hedge funds have recently bought and sold shares of IREN. Arrowstreet Capital Limited Partnership increased its stake in Iris Energy by 1,307.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock worth $55,825,000 after acquiring an additional 5,280,999 shares during the last quarter. Vident Advisory LLC lifted its holdings in Iris Energy by 26.1% in the 4th quarter. Vident Advisory LLC now owns 2,937,918 shares of the company's stock worth $28,850,000 after buying an additional 608,736 shares during the period. Invesco Ltd. raised its holdings in shares of Iris Energy by 22.5% during the fourth quarter. Invesco Ltd. now owns 2,311,583 shares of the company's stock valued at $22,700,000 after acquiring an additional 424,403 shares in the last quarter. Regal Partners Ltd boosted its stake in shares of Iris Energy by 93.9% during the 4th quarter. Regal Partners Ltd now owns 1,697,554 shares of the company's stock valued at $16,670,000 after purchasing an additional 822,251 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Iris Energy by 193.2% during the fourth quarter. Two Sigma Investments LP now owns 1,602,642 shares of the company's stock valued at $15,738,000 after purchasing an additional 1,056,005 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company's stock.
Iris Energy Company Profile
(
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Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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