Iris Energy (NASDAQ:IREN - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Iris Energy to post earnings of ($0.04) per share and revenue of $118.04 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
Iris Energy (NASDAQ:IREN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.11). Iris Energy had a negative net margin of 36.10% and a negative return on equity of 8.01%. On average, analysts expect Iris Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Iris Energy Stock Down 3.3 %
Shares of IREN traded down $0.43 during mid-day trading on Tuesday, hitting $12.44. 4,158,377 shares of the company were exchanged, compared to its average volume of 16,436,742. The company has a 50 day moving average of $11.75 and a 200-day moving average of $9.90. Iris Energy has a 1-year low of $4.15 and a 1-year high of $15.92.
Analyst Upgrades and Downgrades
Several research firms recently commented on IREN. Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a report on Wednesday, November 27th. Cantor Fitzgerald boosted their price objective on Iris Energy from $20.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Canaccord Genuity Group lifted their price objective on shares of Iris Energy from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Macquarie upped their target price on shares of Iris Energy from $13.50 to $19.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.50.
Check Out Our Latest Stock Report on IREN
Iris Energy Company Profile
(
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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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