B. Riley Brokers Reduce Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IRENFree Report) – Equities researchers at B. Riley decreased their Q2 2025 EPS estimates for Iris Energy in a research report issued to clients and investors on Wednesday, November 27th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of ($0.09) 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.

IREN has been the topic of several other reports. Roth Capital raised shares of Iris Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. JPMorgan Chase & Co. cut their price target on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a report on Friday, August 23rd. 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. Finally, HC Wainwright lifted their price target on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $16.33.

Read Our Latest Stock Analysis on IREN

Iris Energy Price Performance

IREN stock opened at $12.93 on Monday. Iris Energy has a one year low of $3.56 and a one year high of $15.75. The company’s 50 day moving average price is $9.72 and its two-hundred day moving average price is $9.68.

Institutional Trading of Iris Energy

A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP boosted its stake in Iris Energy by 33.6% in the 2nd quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock worth $43,035,000 after purchasing an additional 958,494 shares in the last quarter. Van ECK Associates Corp boosted 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 purchasing an additional 576,726 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in Iris Energy in the 2nd quarter worth about $17,319,000. Hood River Capital Management LLC purchased a new position in Iris Energy in the 2nd quarter worth about $13,618,000. Finally, Bank of Montreal Can purchased a new position in Iris Energy in the 2nd quarter worth about $9,969,000. Institutional investors own 41.08% of the company’s stock.

About Iris Energy

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Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Further Reading

Earnings History and Estimates for Iris Energy (NASDAQ:IREN)

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