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

IREN Limited (NASDAQ:IREN - Free Report) - Roth Capital issued their FY2025 earnings per share estimates for shares of IREN in a research report issued to clients and investors on Monday, July 7th. Roth Capital analyst D. Aftahi forecasts that the company will post earnings of $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.

IREN (NASDAQ:IREN - Get Free Report) last released 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 the consensus estimate 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 have also recently weighed in on IREN. Wall Street Zen cut IREN from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. HC Wainwright dropped their price objective on shares of IREN from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, May 15th. Canaccord Genuity Group reissued a "buy" rating and set a $23.00 target price on shares of IREN in a research note on Friday, May 16th. Macquarie lifted their price target on IREN from $15.50 to $20.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. upgraded IREN from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $15.00 to $12.00 in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, IREN currently has an average rating of "Moderate Buy" and a consensus price target of $20.30.

IREN Stock Performance

IREN stock opened at $16.89 on Wednesday. IREN has a 52-week low of $5.13 and a 52-week high of $18.54. The company's 50 day simple moving average is $10.04 and its 200-day simple moving average is $9.33.

Institutional Investors Weigh In On IREN

A number of hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of IREN 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 purchasing an additional 5,280,999 shares during the period. Situational Awareness LP acquired a new stake in IREN in the 1st quarter valued at approximately $20,500,000. Vident Advisory LLC increased its position in IREN by 0.6% in the 1st quarter. Vident Advisory LLC now owns 2,956,712 shares of the company's stock worth $18,006,000 after buying an additional 18,794 shares during the period. Invesco Ltd. lifted its holdings in shares of IREN by 22.5% during the fourth 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 last quarter. Finally, Regal Partners Ltd lifted its holdings in shares of IREN by 93.9% during the fourth quarter. Regal Partners Ltd now owns 1,697,554 shares of the company's stock worth $16,670,000 after buying an additional 822,251 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors.

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.

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