Roth Capital Has Positive Outlook of Iris Energy Q3 Earnings

Iris Energy Limited (NASDAQ:IREN) – Investment analysts at Roth Capital upped their Q3 2025 earnings per share (EPS) estimates for shares of Iris Energy in a report released on Tuesday, January 7th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of $0.29 per share for the quarter, up from their prior forecast of $0.28. Roth Capital 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.

A number of other analysts have also recently commented on IREN. Cantor Fitzgerald lifted their price target on Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Roth Mkm assumed coverage on Iris Energy in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price objective for the company. Macquarie boosted their price objective on Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group raised their price target on Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Iris Energy Trading Down 7.6 %

NASDAQ IREN opened at $10.51 on Thursday. The company has a 50 day moving average price of $11.56 and a 200 day moving average price of $10.09. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92.

Institutional Trading of Iris Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. purchased a new stake in shares of Iris Energy in the second quarter valued at $17,319,000. Hood River Capital Management LLC acquired a new stake in shares of Iris Energy during the second quarter valued at about $13,618,000. Marshall Wace LLP grew its position in shares of Iris Energy by 33.6% during the second quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock worth $43,035,000 after buying an additional 958,494 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Iris Energy in the 2nd quarter worth about $9,969,000. Finally, Van ECK Associates Corp increased its holdings in shares of Iris Energy by 56.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock valued at $13,938,000 after acquiring an additional 576,726 shares during the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

About Iris Energy

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