FY2025 Earnings Forecast for Iris Energy Issued By B. Riley

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at B. Riley lifted their FY2025 earnings per share (EPS) estimates for shares of Iris Energy in a report issued on Thursday, February 13th. B. Riley analyst N. Giles now expects that the company will earn $0.30 per share for the year, up from their prior forecast of $0.11. B. Riley currently has a “Buy” rating and a $16.00 price objective 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.

IREN has been the subject of several other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (up previously from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. Canaccord Genuity Group increased their target price on shares of Iris Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. 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, February 13th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 price objective on shares of Iris Energy in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.70.

Iris Energy Stock Down 0.3 %

Shares of IREN stock opened at $12.97 on Monday. Iris Energy has a one year low of $4.15 and a one year high of $15.92. The company’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $10.05.

Iris Energy (NASDAQ:IREN) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sippican Capital Advisors raised its holdings in shares of Iris Energy by 15.1% during the fourth quarter. Sippican Capital Advisors now owns 12,780 shares of the company’s stock valued at $126,000 after buying an additional 1,680 shares during the last quarter. Drive Wealth Management LLC increased its position in Iris Energy by 5.8% in the 4th quarter. Drive Wealth Management LLC now owns 39,690 shares of the company’s stock valued at $390,000 after acquiring an additional 2,193 shares during the period. Stonebridge Financial Group LLC bought a new stake in Iris Energy during the 4th quarter valued at $29,000. HM Payson & Co. acquired a new position in Iris Energy during the 4th quarter worth $30,000. Finally, R Squared Ltd bought a new position in shares of Iris Energy in the fourth quarter worth $37,000. Institutional investors 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.