Q3 Earnings Estimate for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN - Free Report) - Stock analysts at Roth Capital raised their Q3 2025 earnings estimates for shares of Iris Energy in a research note issued to investors on Tuesday, January 7th. Roth Capital analyst D. Aftahi now expects that the company will earn $0.29 per share for the quarter, up from their prior forecast of $0.28. Roth Capital currently has a "Strong-Buy" rating on the stock. The consensus estimate for Iris Energy's current full-year earnings is $0.09 per share. Roth Capital also issued estimates for Iris Energy's Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.30 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.22 EPS, FY2026 earnings at $1.32 EPS and FY2027 earnings at $0.79 EPS.

Several other research analysts also recently commented on the stock. Cantor Fitzgerald lifted their price target on shares of 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 target price on shares of Iris Energy from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. BTIG Research initiated coverage on shares of Iris Energy in a research report on Friday, December 20th. They set a "buy" rating and a $33.00 price target for the company. Needham & Company LLC reiterated a "hold" rating on shares of Iris Energy in a report on Wednesday, November 27th. Finally, B. Riley boosted their target price on Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.50.

Iris Energy Stock Performance

NASDAQ:IREN traded down $0.87 during mid-day trading on Thursday, reaching $10.51. The stock had a trading volume of 14,422,623 shares, compared to its average volume of 14,833,144. The firm has a 50 day moving average price of $11.56 and a two-hundred day moving average price of $10.09. Iris Energy has a one year low of $3.56 and a one year high of $15.92.

Hedge Funds Weigh In On Iris Energy

A number of hedge funds have recently added to or reduced their stakes in IREN. Bluefin Capital Management LLC purchased a new stake in Iris Energy during the 2nd quarter valued at $113,000. AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Iris Energy during the third quarter valued at $77,000. Covestor Ltd bought a new stake in Iris Energy in the 3rd quarter worth about $87,000. Sippican Capital Advisors bought a new stake in Iris Energy in the 3rd quarter worth about $94,000. Finally, Seven Eight Capital LP purchased a new position in Iris Energy in the 2nd quarter worth about $146,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

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.