FY2025 Earnings Forecast for Iris Energy Issued By B. Riley

Iris Energy Limited (NASDAQ:IREN) – Research analysts at B. Riley increased their FY2025 earnings per share (EPS) estimates for Iris Energy in a note issued to investors on Thursday, February 13th. B. Riley analyst N. Giles now anticipates that the company will post earnings of $0.30 per share for the year, up from their previous forecast of $0.11. B. Riley 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 $0.11 per share. B. Riley also issued estimates for Iris Energy’s FY2026 earnings at $0.96 EPS and FY2027 earnings at $0.74 EPS.

Several other research firms have also recently weighed in on IREN. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price target (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Macquarie upped their price objective on Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 price objective on shares of Iris Energy in a research report on Thursday. BTIG Research assumed coverage on Iris Energy in a research report on Friday, December 20th. They set a “buy” rating and a $33.00 price objective for the company. Finally, HC Wainwright upped their price objective on Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.70.

Iris Energy Stock Performance

IREN stock opened at $13.01 on Monday. Iris Energy has a 1-year low of $4.15 and a 1-year high of $15.92. The business has a fifty day moving average price of $11.65 and a 200-day moving average price of $9.99.

Iris Energy (NASDAQ:IREN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%.

Institutional Trading of Iris Energy

Several hedge funds have recently bought and sold shares of IREN. Creative Planning grew its holdings in Iris Energy by 71.2% during the third quarter. Creative Planning now owns 457,625 shares of the company’s stock valued at $3,862,000 after purchasing an additional 190,300 shares during the period. Vontobel Holding Ltd. grew its holdings in Iris Energy by 123.1% during the third quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company’s stock valued at $416,000 after purchasing an additional 27,212 shares during the period. X Square Capital LLC grew its holdings in Iris Energy by 100.0% during the third quarter. X Square Capital LLC now owns 90,000 shares of the company’s stock valued at $760,000 after purchasing an additional 45,000 shares during the period. Sippican Capital Advisors bought a new stake in Iris Energy during the third quarter valued at about $94,000. Finally, Gladstone Institutional Advisory LLC bought a new stake in Iris Energy during the third quarter valued at about $345,000. 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.