B. Riley Analysts Raise Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Investment analysts at B. Riley lifted their Q2 2025 EPS estimates for Iris Energy in a research note issued on Wednesday, February 12th. B. Riley analyst N. Giles now expects that the company will post earnings of $0.04 per share for the quarter, up from their previous forecast of ($0.11). B. Riley currently has a “Buy” rating and a $16.00 target price 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.

Iris Energy (NASDAQ:IREN) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share 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%.

A number of other analysts have also recently commented on IREN. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a report on Thursday. BTIG Research initiated coverage on shares of Iris Energy in a report on Friday, December 20th. They set a “buy” rating and a $33.00 target price for the company. Macquarie upped their target price 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. HC Wainwright upped their target price on shares of Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 target price on shares of Iris Energy in a report on Thursday. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Iris Energy presently has a consensus rating of “Moderate Buy” and an average target price of $20.70.

Iris Energy Price Performance

IREN opened at $13.01 on Friday. Iris Energy has a twelve month low of $4.15 and a twelve month high of $15.92. The firm has a 50 day moving average price of $11.65 and a 200-day moving average price of $9.99.

Hedge Funds Weigh In On Iris Energy

A number of hedge funds and other institutional investors have recently modified their holdings of IREN. Creative Planning boosted its position in shares of Iris Energy by 71.2% during the third quarter. Creative Planning now owns 457,625 shares of the company’s stock worth $3,862,000 after acquiring an additional 190,300 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Iris Energy by 123.1% during the third quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company’s stock worth $416,000 after acquiring an additional 27,212 shares during the last quarter. Avaii Wealth Management LLC boosted its position in shares of Iris Energy by 89.9% during the third quarter. Avaii Wealth Management LLC now owns 42,267 shares of the company’s stock worth $357,000 after acquiring an additional 20,013 shares during the last quarter. X Square Capital LLC boosted its position in shares of Iris Energy by 100.0% during the third quarter. X Square Capital LLC now owns 90,000 shares of the company’s stock worth $760,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Sippican Capital Advisors bought a new position in shares of Iris Energy during the third quarter worth $94,000. 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.