What is B. Riley’s Estimate for Iris Energy FY2025 Earnings?

Iris Energy Limited (NASDAQ:IREN) – Analysts at B. Riley boosted their FY2025 EPS estimates for shares of Iris Energy in a research report issued to clients and investors on Thursday, February 13th. B. Riley analyst N. Giles now forecasts that the company will post earnings of $0.30 per share for the year, up from their previous forecast of $0.11. B. Riley currently 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 FY2026 earnings at $0.96 EPS and FY2027 earnings at $0.74 EPS.

Iris Energy (NASDAQ:IREN) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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%.

Other analysts have also issued research reports about the company. BTIG Research assumed coverage on Iris Energy in a research note on Friday, December 20th. They set a “buy” rating and a $33.00 price objective on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (up from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. 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 research note on Wednesday, December 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of Iris Energy in a research note on Thursday, February 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a research note on Thursday, February 13th. Two analysts have 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.70.

Iris Energy Trading Down 0.3 %

Shares of NASDAQ:IREN 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 business’s fifty day moving average price is $11.61 and its two-hundred day moving average price is $10.05.

Institutional Investors Weigh In On Iris Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Iris Energy by 1,307.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company’s stock valued at $55,825,000 after buying an additional 5,280,999 shares during the period. Vident Advisory LLC raised its stake in shares of Iris Energy by 26.1% during the fourth quarter. Vident Advisory LLC now owns 2,937,918 shares of the company’s stock valued at $28,850,000 after purchasing an additional 608,736 shares during the period. Invesco Ltd. lifted its position in shares of Iris Energy by 22.5% during the fourth quarter. Invesco Ltd. now owns 2,311,583 shares of the company’s stock worth $22,700,000 after purchasing an additional 424,403 shares in the last quarter. Regal Partners Ltd boosted its stake in shares of Iris Energy by 93.9% in the fourth quarter. Regal Partners Ltd now owns 1,697,554 shares of the company’s stock valued at $16,670,000 after purchasing an additional 822,251 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Iris Energy by 56.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock valued at $13,938,000 after purchasing an additional 576,726 shares in the last quarter. Hedge funds and other 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.