What is B. Riley’s Forecast for Iris Energy Q3 Earnings?

Iris Energy Limited (NASDAQ:IREN) – B. Riley lowered their Q3 2025 earnings per share estimates for shares of Iris Energy in a research report issued on Monday, April 28th. B. Riley analyst N. Giles now forecasts that the company will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.17. The consensus estimate for Iris Energy’s current full-year earnings is $0.43 per share. B. Riley also issued estimates for Iris Energy’s Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.15 EPS, FY2026 earnings at $0.54 EPS and FY2027 earnings at $0.39 EPS.

Several other analysts also recently commented on IREN. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research note on Thursday, February 13th. HC Wainwright boosted their price objective on Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 target price on shares of Iris Energy in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group upped their price objective on shares of Iris Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $20.40.

Iris Energy Stock Up 2.5 %

IREN opened at $6.53 on Thursday. The company has a fifty day moving average price of $6.57 and a two-hundred day moving average price of $9.67. Iris Energy has a 1-year low of $4.65 and a 1-year high of $15.92.

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 17.94% and a negative return on equity of 3.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in shares of Iris Energy during the 4th quarter worth approximately $29,000. HM Payson & Co. bought a new stake in Iris Energy during the fourth quarter worth $30,000. R Squared Ltd purchased a new position in Iris Energy in the fourth quarter worth $37,000. Main Management LLC bought a new position in Iris Energy in the 4th quarter valued at $49,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Iris Energy during the 1st quarter valued at $39,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

About Iris Energy

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