B. Riley Has Bearish Forecast for Iris Energy Q2 Earnings

Iris Energy Limited (NASDAQ:IREN) – Research analysts at B. Riley cut their Q2 2025 EPS estimates for shares of Iris Energy in a note issued to investors on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of ($0.11) per share for the quarter, down from their prior forecast of ($0.09). B. Riley has a “Buy” rating and a $16.00 price objective 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 Q4 2025 earnings at $0.13 EPS, FY2025 earnings at ($0.10) EPS, FY2026 earnings at $0.84 EPS and FY2027 earnings at $0.32 EPS.

IREN has been the topic of several other reports. Macquarie raised their price objective on Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. BTIG Research started coverage on shares of Iris Energy in a research report on Friday, December 20th. They set a “buy” rating and a $33.00 price objective for the company. HC Wainwright raised their target price on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Roth Capital upgraded shares of Iris Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Stock Performance

Shares of NASDAQ:IREN opened at $11.81 on Monday. The firm has a 50 day moving average of $11.29 and a 200-day moving average of $10.26. Iris Energy has a 12 month low of $3.56 and a 12 month high of $15.92.

Institutional Trading of Iris Energy

Hedge funds have recently made changes to their positions in the stock. Truist Financial Corp boosted its stake in Iris Energy by 3.2% in the second quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after buying an additional 1,575 shares in the last quarter. Chesapeake Capital Corp IL boosted its stake in shares of Iris Energy by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company’s stock valued at $157,000 after purchasing an additional 3,861 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Iris Energy by 13.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company’s stock valued at $473,000 after purchasing an additional 6,347 shares during the last quarter. Wellington Management Group LLP raised its position in Iris Energy by 28.3% in the 3rd quarter. Wellington Management Group LLP now owns 36,651 shares of the company’s stock worth $309,000 after purchasing an additional 8,092 shares during the period. Finally, Bluefin Capital Management LLC bought a new stake in Iris Energy in the second quarter worth $113,000. 41.08% of the stock is owned by 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.