Roth Capital Brokers Lift Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at Roth Capital upped their FY2025 earnings per share (EPS) estimates for shares of Iris Energy in a report released on Thursday, February 13th. Roth Capital analyst D. Aftahi now expects that the company will earn $0.54 per share for the year, up from their prior estimate of $0.29. The consensus estimate for Iris Energy’s current full-year earnings is $0.11 per share. Roth Capital also issued estimates for Iris Energy’s Q4 2025 earnings at $0.26 EPS, Q1 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.38 EPS and FY2027 earnings at $1.33 EPS.

IREN has been the subject of several other reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research note on Thursday. Canaccord Genuity Group raised their price target on shares of Iris Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 price target on shares of Iris Energy in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (up from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Finally, Macquarie raised their price target on shares of Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Iris Energy presently has a consensus rating of “Moderate Buy” and an average price target of $20.70.

Iris Energy Price Performance

NASDAQ IREN opened at $13.01 on Monday. The business has a 50 day simple moving average of $11.65 and a 200 day simple moving average of $9.99. Iris Energy has a 52-week low of $4.15 and a 52-week high of $15.92.

Iris Energy (NASDAQ:IREN) last posted its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Investors Weigh In On Iris Energy

Several large investors have recently made changes to their positions in the stock. Sippican Capital Advisors lifted its holdings in Iris Energy by 15.1% during the 4th quarter. Sippican Capital Advisors now owns 12,780 shares of the company’s stock valued at $126,000 after purchasing an additional 1,680 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in Iris Energy by 5.8% during the 4th quarter. Drive Wealth Management LLC now owns 39,690 shares of the company’s stock valued at $390,000 after purchasing an additional 2,193 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Iris Energy during the 4th quarter valued at $29,000. HM Payson & Co. acquired a new stake in Iris Energy during the 4th quarter valued at $30,000. Finally, R Squared Ltd acquired a new stake in Iris Energy during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

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.