B. Riley Predicts Iris Energy’s Q2 Earnings (NASDAQ:IREN)

Iris Energy Limited (NASDAQ:IREN) – Analysts at B. Riley lowered their Q2 2025 earnings per share estimates for Iris Energy in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will earn ($0.11) per share for the quarter, down from their prior estimate of ($0.09). 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 $0.01 per share. B. Riley also issued estimates for Iris Energy’s Q4 2025 earnings at $0.13 EPS, FY2025 earnings at ($0.10) EPS, FY2026 earnings at $0.84 EPS and FY2027 earnings at $0.32 EPS.

Several other research firms also recently weighed in on IREN. Compass Point decreased their target price on Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 30th. HC Wainwright lifted their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 target price (up from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Cantor Fitzgerald lifted their price target on shares of Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Roth Mkm began coverage on Iris Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Iris Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Iris Energy Stock Performance

IREN opened at $11.81 on Monday. The business has a fifty day moving average of $11.17 and a 200 day moving average of $10.24. Iris Energy has a 52-week low of $3.56 and a 52-week high of $15.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IREN. Geode Capital Management LLC boosted its position in Iris Energy by 56.3% during the third quarter. Geode Capital Management LLC now owns 735,071 shares of the company’s stock valued at $6,204,000 after purchasing an additional 264,883 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Iris Energy during the third quarter valued at about $561,000. Continuum Advisory LLC bought a new stake in shares of Iris Energy in the 3rd quarter valued at about $430,000. Y Intercept Hong Kong Ltd grew its position in shares of Iris Energy by 592.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 206,706 shares of the company’s stock worth $1,745,000 after buying an additional 176,843 shares during the last quarter. Finally, Main Management ETF Advisors LLC bought a new position in shares of Iris Energy during the 3rd quarter worth approximately $760,000. 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.