Equities Analysts Set Expectations for IREN FY2025 Earnings

IREN Limited (NASDAQ:IREN) – Equities research analysts at Roth Capital lifted their FY2025 earnings estimates for shares of IREN in a report released on Monday, June 30th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of $0.00 for the year, up from their prior estimate of ($0.06). The consensus estimate for IREN’s current full-year earnings is $0.43 per share. Roth Capital also issued estimates for IREN’s Q4 2025 earnings at ($0.01) EPS, Q1 2026 earnings at $0.26 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.18 EPS and FY2026 earnings at $0.73 EPS.

IREN (NASDAQ:IREN) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $148.10 million during the quarter, compared to the consensus estimate of $153.38 million. IREN had a negative net margin of 9.40% and a negative return on equity of 2.12%.

A number of other brokerages have also weighed in on IREN. Canaccord Genuity Group restated a “buy” rating and set a $23.00 price objective on shares of IREN in a research report on Friday, May 16th. B. Riley lifted their price target on IREN from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Macquarie upped their price objective on IREN from $15.50 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of IREN from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, HC Wainwright cut their target price on shares of IREN from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.30.

IREN Trading Up 2.8%

Shares of NASDAQ:IREN opened at $15.66 on Wednesday. IREN has a 52-week low of $5.13 and a 52-week high of $16.23. The company has a fifty day moving average of $9.20 and a 200-day moving average of $9.24.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in shares of IREN in the 4th quarter valued at $30,000. Crewe Advisors LLC acquired a new position in IREN in the first quarter valued at $39,000. Quarry LP acquired a new position in IREN in the first quarter valued at $40,000. Main Management LLC bought a new stake in IREN during the fourth quarter valued at $49,000. Finally, Delta Financial Group Inc. bought a new stake in IREN during the first quarter valued at $61,000. Institutional investors own 41.08% of the company’s stock.

About IREN

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