What is B. Riley’s Estimate for Iris Energy Q2 Earnings?

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at B. Riley lowered their Q2 2025 EPS estimates for Iris Energy in a research report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will earn ($0.11) per share for the quarter, down from their previous estimate of ($0.09). 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 $0.01 per share. B. Riley also issued estimates for Iris Energy’s Q4 2025 earnings at $0.13 EPS, FY2025 earnings at ($0.10) EPS, FY2026 earnings at $0.84 EPS and FY2027 earnings at $0.32 EPS.

Several other research firms have also issued reports on IREN. Roth Mkm initiated 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. Roth Capital upgraded Iris Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. HC Wainwright increased their price target on Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald raised their price target on Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Macquarie upped their price objective 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Trading Down 4.7 %

NASDAQ IREN opened at $11.25 on Monday. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92. The company has a 50 day moving average price of $11.23 and a 200 day moving average price of $10.25.

Institutional Trading of Iris Energy

Several large investors have recently made changes to their positions in the business. AFG Fiduciary Services Limited Partnership acquired a new position in Iris Energy during the third quarter valued at $77,000. Covestor Ltd purchased a new position in shares of Iris Energy during the 3rd quarter valued at about $87,000. Sippican Capital Advisors acquired a new position in shares of Iris Energy in the 3rd quarter valued at about $94,000. Bluefin Capital Management LLC purchased a new stake in shares of Iris Energy in the second quarter worth about $113,000. Finally, Seven Eight Capital LP acquired a new stake in Iris Energy during the second quarter worth about $146,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

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.