FY2025 EPS Estimates for Iris Energy Cut by Roth Capital

Iris Energy Limited (NASDAQ:IREN - Free Report) - Equities researchers at Roth Capital cut their FY2025 earnings per share (EPS) estimates for shares of Iris Energy in a report issued on Thursday, May 15th. Roth Capital analyst D. Aftahi now expects that the company will earn ($0.04) per share for the year, down from their prior forecast of $0.18. The consensus estimate for Iris Energy's current full-year earnings is $0.43 per share. Roth Capital also issued estimates for Iris Energy's Q1 2026 earnings at $0.14 EPS, Q2 2026 earnings at $0.09 EPS, Q3 2026 earnings at $0.19 EPS, FY2026 earnings at $0.63 EPS and FY2027 earnings at $0.70 EPS.

IREN has been the subject of a number of other reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $23.00 price target on shares of Iris Energy in a research note on Thursday, February 13th. Needham & Company LLC reiterated a "hold" rating on shares of Iris Energy in a research report on Thursday, February 13th. Macquarie boosted their price target on Iris Energy from $15.50 to $20.00 and gave the company an "outperform" rating in a report on Thursday. HC Wainwright reduced their price objective on Iris Energy from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $23.00 price objective on shares of Iris Energy in a report on Friday. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $20.30.

Iris Energy Price Performance

IREN opened at $8.41 on Monday. The company has a 50-day moving average of $6.49 and a 200-day moving average of $9.52. Iris Energy has a 1-year low of $5.13 and a 1-year high of $15.92.

Iris Energy (NASDAQ:IREN - Get Free Report) last issued its quarterly 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). Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. The company had revenue of $148.10 million during the quarter, compared to the consensus estimate of $153.38 million.

Institutional Investors Weigh In On Iris Energy

A number of hedge funds have recently added to or reduced their stakes in IREN. Baader Bank Aktiengesellschaft increased its holdings in shares of Iris Energy by 66.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company's stock worth $1,228,000 after acquiring an additional 50,000 shares during the period. Vontobel Holding Ltd. grew its position in Iris Energy by 13.4% in the 4th quarter. Vontobel Holding Ltd. now owns 55,923 shares of the company's stock worth $549,000 after purchasing an additional 6,601 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Iris Energy in the 4th quarter worth about $587,000. Private Advisor Group LLC acquired a new stake in shares of Iris Energy in the fourth quarter valued at approximately $120,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Iris Energy by 1,059.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company's stock valued at $82,000 after buying an additional 7,646 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors.

About Iris Energy

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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