Iris Energy Limited Forecasted to Post Q1 2025 Earnings of ($0.13) Per Share (NASDAQ:IREN)

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at Roth Capital issued their Q1 2025 EPS estimates for Iris Energy in a note issued to investors on Tuesday, October 1st. Roth Capital analyst D. Aftahi forecasts that the company will post earnings per share of ($0.13) for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Iris Energy’s Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.10 EPS, Q1 2026 earnings at ($0.04) EPS, Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at $0.04 EPS, Q4 2026 earnings at ($0.01) EPS, FY2026 earnings at ($0.03) EPS and FY2027 earnings at ($0.31) EPS.

Several other research firms have also commented on IREN. JPMorgan Chase & Co. dropped their price target on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Compass Point decreased their price objective on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Needham & Company LLC initiated coverage on shares of Iris Energy in a report on Wednesday, September 4th. They set a “hold” rating on the stock. B. Riley decreased their price objective on shares of Iris Energy from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of Iris Energy in a report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.44.

Iris Energy Stock Performance

IREN stock opened at $8.68 on Friday. The firm’s fifty day moving average is $7.98 and its 200 day moving average is $8.23. Iris Energy has a one year low of $2.79 and a one year high of $15.75.

Institutional Investors Weigh In On Iris Energy

A number of institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Iris Energy during the second quarter valued at about $203,000. Bluefin Capital Management LLC acquired a new position in shares of Iris Energy in the second quarter valued at approximately $113,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Iris Energy in the second quarter valued at approximately $149,000. Dana Investment Advisors Inc. purchased a new position in Iris Energy in the second quarter worth approximately $161,000. Finally, Truist Financial Corp lifted its stake in Iris Energy by 3.2% in the second quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after acquiring an additional 1,575 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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.