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

IREN Limited (NASDAQ:IREN - Free Report) - Investment analysts at Roth Capital issued their FY2025 earnings per share (EPS) estimates for shares of IREN in a research note issued on Monday, July 7th. Roth Capital analyst D. Aftahi forecasts that the company will earn $0.16 per share for the year. 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 $0.14 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.22 EPS, FY2026 earnings at $0.94 EPS and FY2027 earnings at $0.84 EPS.

A number of other research analysts also recently issued reports on the company. HC Wainwright reduced their price objective on IREN from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. B. Riley reiterated a "buy" rating and set a $22.00 price target (up previously from $15.00) on shares of IREN in a research note on Thursday. Canaccord Genuity Group reiterated a "buy" rating and set a $23.00 price target on shares of IREN in a research note on Friday, May 16th. Macquarie increased their price target on IREN from $15.50 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen upgraded IREN from a "sell" rating to a "hold" rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.44.

IREN Stock Down 4.7%

NASDAQ:IREN traded down $0.80 during trading on Wednesday, reaching $16.23. The company's stock had a trading volume of 23,452,451 shares, compared to its average volume of 16,749,490. The firm has a 50 day moving average of $10.66 and a 200-day moving average of $9.44. IREN has a 12 month low of $5.13 and a 12 month high of $18.54.

IREN (NASDAQ:IREN - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $148.10 million during the quarter, compared to the consensus estimate of $153.38 million. IREN had a negative net margin of 9.40% and a negative return on equity of 2.12%.

Institutional Trading of IREN

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in IREN by 59.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 25,038 shares of the company's stock worth $365,000 after purchasing an additional 9,384 shares in the last quarter. AFG Fiduciary Services Limited Partnership purchased a new stake in IREN during the 2nd quarter worth about $254,000. Wealth Enhancement Advisory Services LLC lifted its holdings in IREN by 5.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,248 shares of the company's stock worth $892,000 after purchasing an additional 3,307 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in IREN during the 2nd quarter worth about $4,808,000. Finally, Balefire LLC purchased a new stake in IREN during the 2nd quarter worth about $1,214,000. Hedge funds and other institutional investors 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.