Iris Energy Limited to Post Q1 2025 Earnings of ($0.15) Per Share, Roth Capital Forecasts (NASDAQ:IREN)

Iris Energy Limited (NASDAQ:IREN - Free Report) - Stock analysts at Roth Capital cut their Q1 2025 earnings per share (EPS) estimates for shares of Iris Energy in a research report issued to clients and investors on Monday, October 7th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of ($0.15) per share for the quarter, down from their previous forecast of ($0.13). Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for Iris Energy's current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Iris Energy's Q1 2026 earnings at ($0.05) EPS, Q2 2026 earnings at ($0.04) EPS and FY2027 earnings at ($0.32) EPS.

A number of other analysts also recently issued reports on the stock. Compass Point cut their price objective on shares of Iris Energy from $18.50 to $16.00 and set a "buy" rating for the company in a report on Friday, August 30th. Roth Mkm started coverage on Iris Energy in a research note on Wednesday, October 2nd. They issued a "buy" rating and a $14.00 price target for the company. Needham & Company LLC started coverage on Iris Energy in a research note on Wednesday, September 4th. They set a "hold" rating on the stock. HC Wainwright dropped their price objective on Iris Energy from $15.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $20.00 target price on shares of Iris Energy in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $15.44.

Iris Energy Trading Down 6.7 %

Shares of Iris Energy stock traded down $0.54 during trading on Wednesday, reaching $7.51. The company's stock had a trading volume of 13,190,001 shares, compared to its average volume of 12,525,579. The business's 50-day moving average price is $7.93 and its 200-day moving average price is $8.31. Iris Energy has a 52 week low of $2.79 and a 52 week high of $15.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Iris Energy during the 1st quarter valued at approximately $893,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Iris Energy during the second quarter worth $779,000. Daiwa Securities Group Inc. acquired a new position in shares of Iris Energy during the first quarter worth $446,000. Van ECK Associates Corp lifted its stake in shares of Iris Energy by 23.7% in the 1st quarter. Van ECK Associates Corp now owns 1,837,683 shares of the company's stock valued at $9,924,000 after acquiring an additional 351,774 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in shares of Iris Energy during the 1st quarter valued at $133,000. Institutional investors own 41.08% of the company's stock.

Iris Energy Company Profile

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.