B. Riley Issues Optimistic Forecast for Iris Energy Earnings

Iris Energy Limited (NASDAQ:IREN) – Research analysts at B. Riley upped their Q2 2025 earnings estimates for Iris Energy in a report released on Wednesday, February 12th. B. Riley analyst N. Giles now forecasts that the company will earn $0.04 per share for the quarter, up from their prior 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.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 price objective on shares of Iris Energy in a report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (up from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. BTIG Research started coverage on shares of Iris Energy in a report on Friday, December 20th. They set a “buy” rating and a $33.00 price objective on the stock. Canaccord Genuity Group increased their price objective on shares of Iris Energy from $17.00 to $23.00 and gave the company a “buy” rating in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.70.

Iris Energy Stock Down 0.5 %

IREN opened at $13.01 on Friday. Iris Energy has a 52-week low of $4.15 and a 52-week high of $15.92. The firm’s fifty day simple moving average is $11.65 and its two-hundred day simple moving average is $9.99.

Iris Energy (NASDAQ:IREN) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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%.

Hedge Funds Weigh In On Iris Energy

Several hedge funds and other institutional investors have recently modified their holdings of IREN. Stonebridge Financial Group LLC acquired a new stake in Iris Energy during the fourth quarter worth about $29,000. HM Payson & Co. acquired a new stake in Iris Energy during the fourth quarter worth about $30,000. R Squared Ltd acquired a new stake in Iris Energy during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC increased its position in Iris Energy by 1,059.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company’s stock worth $82,000 after purchasing an additional 7,646 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in Iris Energy during the third quarter worth about $87,000. 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.