FY2025 EPS Estimates for Iris Energy Cut by HC Wainwright

Iris Energy Limited (NASDAQ:IREN - Free Report) - Stock analysts at HC Wainwright decreased their FY2025 EPS estimates for shares of Iris Energy in a research report issued to clients and investors on Thursday, May 15th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of $0.23 for the year, down from their previous forecast of $0.45. HC Wainwright has a "Buy" rating and a $21.00 price objective on the stock. The consensus estimate for Iris Energy's current full-year earnings is $0.43 per share. HC Wainwright also issued estimates for Iris Energy's Q4 2025 earnings at $0.21 EPS and Q1 2026 earnings at $0.34 EPS.

Other research analysts also recently issued research reports about the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $23.00 price objective on shares of Iris Energy in a report on Thursday, February 13th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $23.00 price target on shares of Iris Energy in a research note on Friday. B. Riley increased their price objective on Iris Energy from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of Iris Energy from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $15.00 to $12.00 in a report on Thursday, March 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $20.30.

Iris Energy Price Performance

IREN stock opened at $8.41 on Monday. Iris Energy has a one year low of $5.13 and a one year high of $15.92. The company's 50 day moving average price is $6.49 and its two-hundred day moving average price is $9.52.

Iris Energy (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $148.10 million for the quarter, compared to analysts' expectations of $153.38 million. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IREN. Arrowstreet Capital Limited Partnership raised its stake in Iris Energy by 1,307.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock worth $55,825,000 after buying an additional 5,280,999 shares in the last quarter. Situational Awareness LP purchased a new position in Iris Energy during the first quarter valued at $20,500,000. Vident Advisory LLC boosted its holdings in shares of Iris Energy by 0.6% during the 1st quarter. Vident Advisory LLC now owns 2,956,712 shares of the company's stock valued at $18,006,000 after buying an additional 18,794 shares in the last quarter. Invesco Ltd. grew its position in shares of Iris Energy by 22.5% in the 4th quarter. Invesco Ltd. now owns 2,311,583 shares of the company's stock worth $22,700,000 after buying an additional 424,403 shares during the period. Finally, Regal Partners Ltd increased its stake in shares of Iris Energy by 93.9% in 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 in the last quarter. 41.08% of the stock is owned by hedge funds and other institutional investors.

Iris Energy Company Profile

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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