Iris Energy FY2025 EPS Estimate Reduced by HC Wainwright

Iris Energy Limited (NASDAQ:IREN) – HC Wainwright cut their FY2025 earnings per share (EPS) estimates for shares of Iris Energy in a report issued on Thursday, May 15th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of $0.23 for the year, down from their previous estimate of $0.45. HC Wainwright has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.43 per share. HC Wainwright also issued estimates for Iris Energy’s Q4 2025 earnings at $0.21 EPS and Q1 2026 earnings at $0.34 EPS.

Other analysts have also recently issued research reports about the company. Macquarie upped their price objective on Iris Energy from $15.50 to $20.00 and gave the company an “outperform” rating in a research report on Thursday. B. Riley increased their price target on shares of Iris Energy from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group restated a “buy” rating and issued a $23.00 price objective on shares of Iris Energy in a research note on Friday. JPMorgan Chase & Co. raised Iris Energy from a “neutral” rating to an “overweight” rating and cut their price target for the company from $15.00 to $12.00 in a report on Thursday, March 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $20.30.

Iris Energy Stock Up 8.5%

NASDAQ:IREN opened at $8.41 on Monday. The company has a 50 day simple moving average of $6.49 and a two-hundred day simple moving average of $9.52. Iris Energy has a 12 month low of $5.13 and a 12 month high of $15.92.

Iris Energy (NASDAQ:IREN) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $148.10 million for the quarter, compared to analysts’ expectations of $153.38 million. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%.

Hedge Funds Weigh In On Iris Energy

Hedge funds have recently modified their holdings of the stock. Clearline Capital LP purchased a new position in Iris Energy during the first quarter valued at $178,000. PharVision Advisers LLC purchased a new position in shares of Iris Energy during the first quarter valued at about $126,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Iris Energy by 14.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 987,466 shares of the company’s stock worth $6,014,000 after purchasing an additional 122,668 shares during the last quarter. Quarry LP bought a new stake in shares of Iris Energy in the first quarter worth about $40,000. Finally, Sculptor Capital LP lifted its position in shares of Iris Energy by 83.7% in the first quarter. Sculptor Capital LP now owns 193,349 shares of the company’s stock worth $1,177,000 after buying an additional 88,076 shares in the last quarter. Hedge funds and other 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.