What is Roth Capital’s Forecast for Iris Energy Q3 Earnings?

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at Roth Capital boosted their Q3 2025 earnings estimates for Iris Energy in a research note issued on Thursday, February 13th. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of $0.33 for the quarter, up from their previous 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 Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.41 EPS and FY2026 earnings at $1.63 EPS.

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

Other analysts have also recently issued research reports about the stock. HC Wainwright lifted their price target on shares of Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. BTIG Research initiated coverage on shares of Iris Energy in a report on Friday, December 20th. They issued a “buy” rating and a $33.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a report on Thursday. B. Riley lifted their price target on shares of Iris Energy from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Macquarie lifted their price target on shares of Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Two equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.70.

Iris Energy Stock Performance

Shares of Iris Energy stock opened at $13.01 on Friday. The company’s 50 day moving average price is $11.65 and its 200-day moving average price is $9.99. Iris Energy has a 52-week low of $4.15 and a 52-week high of $15.92.

Institutional Trading of Iris Energy

A number of hedge funds and other institutional investors have recently modified their holdings of IREN. Sippican Capital Advisors grew its position 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 grew its position 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 purchased a new stake in Iris Energy during the 4th quarter valued at about $29,000. HM Payson & Co. purchased a new stake in Iris Energy during the 4th quarter valued at about $30,000. Finally, R Squared Ltd purchased a new stake in Iris Energy during the 4th quarter valued at about $37,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

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.