B. Riley Issues Positive Estimate for Iris Energy Earnings

Iris Energy Limited (NASDAQ:IREN) – Analysts at B. Riley boosted their Q2 2025 EPS estimates for Iris Energy in a report released on Wednesday, February 12th. B. Riley analyst N. Giles now forecasts that the company will post earnings of $0.04 per share for the quarter, up from their previous estimate of ($0.11). B. Riley has a “Buy” rating and a $16.00 price target 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 Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.48 EPS.

A number of other research analysts have also recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 target price on shares of Iris Energy in a research note on Thursday. BTIG Research began coverage on Iris Energy in a research report on Friday, December 20th. They issued a “buy” rating and a $33.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research note on Thursday. Macquarie boosted their price objective on Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group lifted their target price on shares of Iris Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Iris Energy currently has a consensus rating of “Moderate Buy” and an average price target of $20.70.

Iris Energy Trading Up 0.5 %

NASDAQ IREN opened at $13.08 on Friday. The business’s fifty day moving average is $11.70 and its 200-day moving average is $9.97. Iris Energy has a one year low of $4.15 and a one year high of $15.92.

Iris Energy (NASDAQ:IREN) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 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 Trading of Iris Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baader Bank Aktiengesellschaft increased its holdings in shares of Iris Energy by 66.7% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company’s stock worth $1,228,000 after purchasing an additional 50,000 shares during the period. Main Management ETF Advisors LLC purchased a new position in Iris Energy during the third quarter worth about $760,000. Van ECK Associates Corp increased its stake in Iris Energy by 56.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock worth $13,938,000 after acquiring an additional 576,726 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Iris Energy by 123.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company’s stock valued at $416,000 after acquiring an additional 27,212 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Iris Energy by 71.2% in the 3rd quarter. Creative Planning now owns 457,625 shares of the company’s stock valued at $3,862,000 after acquiring an additional 190,300 shares in the last quarter. Institutional investors own 41.08% of the company’s stock.

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.