B. Riley Issues Negative Forecast for Iris Energy Earnings

Iris Energy Limited (NASDAQ:IREN) – Analysts at B. Riley cut their Q2 2025 earnings estimates for Iris Energy in a research report issued on Wednesday, November 27th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of ($0.09) per share for the quarter, down from their prior estimate of $0.09. B. Riley currently has a “Buy” rating and a $12.00 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 Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at ($0.15) EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.17 EPS, Q4 2026 earnings at $0.14 EPS and FY2026 earnings at $0.63 EPS.

Other analysts have also issued reports about the company. Cantor Fitzgerald lifted their target price on Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. HC Wainwright lifted their price objective on Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research report on Wednesday, November 27th. Macquarie raised their price target on shares of Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, Roth Mkm started coverage on shares of Iris Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price target on the stock. 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 stock presently has a consensus rating of “Buy” and a consensus price target of $16.33.

Iris Energy Trading Up 9.0 %

Shares of IREN stock opened at $13.51 on Monday. The company’s fifty day moving average price is $9.63 and its two-hundred day moving average price is $9.60. Iris Energy has a 12 month low of $3.56 and a 12 month high of $15.75.

Institutional Trading of Iris Energy

Institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp lifted its position in shares of Iris Energy by 3.2% in the 2nd quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after buying an additional 1,575 shares during the last quarter. Chesapeake Capital Corp IL raised its stake in Iris Energy by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company’s stock worth $157,000 after acquiring an additional 3,861 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Iris Energy by 13.2% in the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company’s stock worth $473,000 after acquiring an additional 6,347 shares during the last quarter. Wellington Management Group LLP boosted its stake in Iris Energy by 28.3% in the third quarter. Wellington Management Group LLP now owns 36,651 shares of the company’s stock valued at $309,000 after acquiring an additional 8,092 shares during the period. Finally, Bluefin Capital Management LLC bought a new position in shares of Iris Energy during the second quarter valued at approximately $113,000. 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.