Q2 Earnings Estimate for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN) – Research analysts at Roth Capital upped their Q2 2025 earnings per share estimates for shares of Iris Energy in a research note issued on Tuesday, January 7th. Roth Capital analyst D. Aftahi now forecasts that the company will earn ($0.01) per share for the quarter, up from their previous estimate of ($0.02). Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.09 per share.

Other equities research analysts have also recently issued research reports about the company. BTIG Research initiated coverage on Iris Energy in a research note on Friday, December 20th. They issued a “buy” rating and a $33.00 price target on the stock. Roth Mkm started coverage on shares of Iris Energy in a research note on Wednesday, October 2nd. They set a “buy” rating and a $14.00 target price for the company. Canaccord Genuity Group upped their price target on shares of Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research report on Wednesday, November 27th. Finally, Macquarie upped their target price on Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Trading Down 7.6 %

Iris Energy stock opened at $10.51 on Friday. The stock has a 50-day simple moving average of $11.56 and a 200 day simple moving average of $10.09. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92.

Hedge Funds Weigh In On Iris Energy

A number of institutional investors have recently modified their holdings of the business. Truist Financial Corp grew its position in Iris Energy by 3.2% during the 2nd quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after acquiring an additional 1,575 shares during the last quarter. Chesapeake Capital Corp IL increased its holdings in Iris Energy by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company’s stock worth $157,000 after purchasing an additional 3,861 shares in the last quarter. Chicago Partners Investment Group LLC grew its position 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 worth $473,000 after buying an additional 6,347 shares during the period. Wellington Management Group LLP increased its stake in shares of Iris Energy by 28.3% in the 3rd quarter. Wellington Management Group LLP now owns 36,651 shares of the company’s stock valued at $309,000 after acquiring an additional 8,092 shares in the last quarter. Finally, Bluefin Capital Management LLC bought a new position in Iris Energy during the second quarter worth $113,000. Institutional investors and hedge funds 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.