Iris Energy Limited (NASDAQ:IREN - Free Report) - Investment analysts at Roth Capital lowered their Q3 2025 earnings per share estimates for Iris Energy in a note issued to investors on Monday, April 7th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of $0.17 for the quarter, down from their prior forecast of $0.33. The consensus estimate for Iris Energy's current full-year earnings is $0.43 per share. Roth Capital also issued estimates for Iris Energy's Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.18 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.22 EPS, Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.30 EPS, FY2026 earnings at $1.13 EPS and FY2027 earnings at $1.08 EPS.
IREN has been the subject of several other reports. BTIG Research started coverage on Iris Energy in a research report on Friday, December 20th. They issued a "buy" rating and a $33.00 price target for the company. Canaccord Genuity Group lifted their target price on shares of Iris Energy from $17.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. HC Wainwright boosted their price target on Iris Energy from $16.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Needham & Company LLC restated a "hold" rating on shares of Iris Energy in a report on Thursday, February 13th. Finally, B. Riley lifted their target price on shares of Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Iris Energy currently has an average rating of "Buy" and an average price target of $20.40.
Read Our Latest Stock Analysis on Iris Energy
Iris Energy Stock Down 7.1 %
NASDAQ:IREN traded down $0.41 on Thursday, hitting $5.34. The stock had a trading volume of 9,154,897 shares, compared to its average volume of 15,383,958. Iris Energy has a 52 week low of $4.15 and a 52 week high of $15.92. The business's fifty day moving average is $8.28 and its 200 day moving average is $9.90.
Iris Energy (NASDAQ:IREN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%.
Institutional Trading of Iris Energy
Several large investors have recently added to or reduced their stakes in the stock. Sippican Capital Advisors boosted its stake in Iris Energy by 15.1% in the fourth quarter. Sippican Capital Advisors now owns 12,780 shares of the company's stock valued at $126,000 after acquiring an additional 1,680 shares during the period. Drive Wealth Management LLC lifted its position in Iris Energy by 5.8% in the 4th quarter. Drive Wealth Management LLC now owns 39,690 shares of the company's stock worth $390,000 after buying an additional 2,193 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Iris Energy during the 4th quarter worth $29,000. HM Payson & Co. acquired a new stake in shares of Iris Energy in the fourth quarter valued at about $30,000. Finally, R Squared Ltd bought a new stake in shares of Iris Energy in the fourth quarter valued at about $37,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.
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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