What is Roth Capital's Estimate for IREN FY2025 Earnings?

IREN Limited (NASDAQ:IREN - Free Report) - Equities researchers at Roth Capital increased their FY2025 earnings per share (EPS) estimates for IREN in a research report issued on Monday, June 30th. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of $0.00 for the year, up from their prior forecast of ($0.06). The consensus estimate for IREN's current full-year earnings is $0.43 per share. Roth Capital also issued estimates for IREN's Q4 2025 earnings at ($0.01) EPS, Q1 2026 earnings at $0.26 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.18 EPS and FY2026 earnings at $0.73 EPS.

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

A number of other research firms have also recently commented on IREN. JPMorgan Chase & Co. upgraded IREN from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $15.00 to $12.00 in a report on Thursday, March 13th. Wall Street Zen downgraded IREN from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group restated a "buy" rating and issued a $23.00 price target on shares of IREN in a research note on Friday, May 16th. B. Riley raised their price target on IREN from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, HC Wainwright decreased their price objective on shares of IREN from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, IREN currently has a consensus rating of "Moderate Buy" and an average price target of $20.30.

IREN Stock Up 7.9%

Shares of IREN stock traded up $1.23 during trading on Wednesday, hitting $16.89. 42,840,935 shares of the stock were exchanged, compared to its average volume of 16,642,880. IREN has a 1-year low of $5.13 and a 1-year high of $18.54. The company has a fifty day moving average price of $9.41 and a 200-day moving average price of $9.26.

Hedge Funds Weigh In On IREN

Institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in IREN by 1,307.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock valued at $55,825,000 after purchasing an additional 5,280,999 shares during the period. Situational Awareness LP bought a new stake in shares of IREN in the first quarter valued at approximately $20,500,000. Discovery Capital Management LLC CT bought a new position in IREN during the 4th quarter worth $11,544,000. Two Sigma Investments LP raised its holdings in IREN by 193.2% in 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 lifted its position in shares of IREN 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 acquiring an additional 822,251 shares during the period. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN Company Profile

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