Q3 Earnings Forecast for Iris Energy Issued By HC Wainwright

Iris Energy Limited (NASDAQ:IREN) – Research analysts at HC Wainwright dropped their Q3 2025 EPS estimates for Iris Energy in a research report issued on Wednesday, November 27th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. HC Wainwright currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.26 per share.

Other equities analysts have also recently issued research reports about the company. Roth Capital upgraded Iris Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Roth Mkm initiated 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. Macquarie upped their price objective on Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Compass Point decreased their target price on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Iris Energy currently has an average rating of “Buy” and a consensus target price of $16.33.

Iris Energy Trading Up 29.7 %

Shares of IREN stock opened at $12.40 on Thursday. The firm’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $9.48. Iris Energy has a 1 year low of $3.56 and a 1 year high of $15.75.

Hedge Funds Weigh In On Iris Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. AFG Fiduciary Services Limited Partnership bought a new stake in shares of Iris Energy during the 3rd quarter worth about $77,000. Covestor Ltd acquired a new stake in Iris Energy during the third quarter worth approximately $87,000. Sippican Capital Advisors bought a new stake in shares of Iris Energy during the third quarter worth approximately $94,000. Bluefin Capital Management LLC acquired a new position in shares of Iris Energy in the second quarter valued at approximately $113,000. Finally, PEAK6 Investments LLC acquired a new position in shares of Iris Energy in the first quarter valued at approximately $133,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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.