Q1 Earnings Forecast for Iris Energy Issued By B. Riley

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at B. Riley issued their Q1 2026 earnings per share estimates for shares of Iris Energy in a report issued on Thursday, May 15th. B. Riley analyst N. Giles expects that the company will earn $0.13 per share for the quarter. B. Riley currently has a “Buy” rating and a $15.00 price target on the stock. 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 Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.15 EPS and FY2027 earnings at $0.45 EPS.

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

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 target price on shares of Iris Energy in a research note on Thursday, February 13th. HC Wainwright decreased their price target on shares of Iris Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday. Macquarie raised their price target on shares of Iris Energy from $15.50 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $15.00 to $12.00 in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Iris Energy currently has an average rating of “Buy” and a consensus price target of $20.30.

Iris Energy Price Performance

IREN stock opened at $8.41 on Monday. The company’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $9.52. Iris Energy has a 52-week low of $5.13 and a 52-week high of $15.92.

Institutional Trading of Iris Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in IREN. Baader Bank Aktiengesellschaft increased its holdings in Iris Energy by 66.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company’s stock valued at $1,228,000 after purchasing an additional 50,000 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Iris Energy by 13.4% in the 4th quarter. Vontobel Holding Ltd. now owns 55,923 shares of the company’s stock valued at $549,000 after purchasing an additional 6,601 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Iris Energy in the 4th quarter valued at approximately $587,000. Private Advisor Group LLC acquired a new stake in Iris Energy in the 4th quarter valued at approximately $120,000. Finally, Tower Research Capital LLC TRC increased its holdings in Iris Energy by 1,059.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company’s stock valued at $82,000 after purchasing an additional 7,646 shares during the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

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.