FY2025 Earnings Forecast for IREN Issued By Roth Capital

IREN Limited (NASDAQ:IREN - Free Report) - Research analysts at Roth Capital lowered their FY2025 earnings per share estimates for shares of IREN in a research note issued to investors on Monday, June 16th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of ($0.06) for the year, down from their previous estimate of ($0.04). 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 ($0.06) EPS, Q1 2026 earnings at $0.15 EPS, Q3 2026 earnings at $0.21 EPS and FY2027 earnings at $0.63 EPS.

IREN (NASDAQ:IREN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share (EPS) 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 analyst estimates of $153.38 million. IREN had a negative return on equity of 2.12% and a negative net margin of 9.40%.

Several other equities analysts also recently issued reports on IREN. B. Riley raised their price target on shares of IREN from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. 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. HC Wainwright dropped their target price 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. Macquarie boosted their price objective on IREN from $15.50 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. upgraded IREN from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $15.00 to $12.00 in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.30.

IREN Stock Performance

Shares of NASDAQ:IREN traded up $0.76 during midday trading on Thursday, hitting $10.56. 20,006,169 shares of the stock were exchanged, compared to its average volume of 15,929,989. The business's 50-day moving average price is $7.88 and its 200 day moving average price is $9.29. IREN has a 12 month low of $5.13 and a 12 month high of $15.92.

Institutional Investors Weigh In On IREN

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HM Payson & Co. bought a new stake in IREN during the 4th quarter worth approximately $30,000. Crewe Advisors LLC purchased a new position in IREN during the 1st quarter worth $39,000. Quarry LP bought a new stake in shares of IREN in the 1st quarter worth $40,000. Main Management LLC purchased a new stake in shares of IREN in the fourth quarter valued at about $49,000. Finally, Delta Financial Group Inc. bought a new position in shares of IREN during the first quarter valued at about $61,000. Institutional investors and hedge funds own 41.08% of the company's stock.

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.