Q3 Earnings Estimate for Iris Energy Issued By HC Wainwright

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at HC Wainwright lowered their Q3 2025 EPS estimates for Iris Energy in a research note issued to investors on Wednesday, November 27th. HC Wainwright analyst M. Colonnese now expects that the company will earn $0.12 per share for the quarter, down from their previous estimate of $0.13. HC Wainwright 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 $0.26 per share.

A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group boosted their price target on Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Macquarie upped their price objective on shares of Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, Roth Mkm began 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 on the stock. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.33.

Iris Energy Price Performance

Shares of IREN stock opened at $12.40 on Thursday. Iris Energy has a 52-week low of $3.56 and a 52-week high of $15.75. The business has a 50-day simple moving average of $9.32 and a 200-day simple moving average of $9.46.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. AFG Fiduciary Services Limited Partnership acquired a new stake in Iris Energy in the 3rd quarter worth about $77,000. Covestor Ltd purchased a new position in shares of Iris Energy in the third quarter valued at approximately $87,000. Sippican Capital Advisors acquired a new stake in shares of Iris Energy in the third quarter worth approximately $94,000. Bluefin Capital Management LLC purchased a new stake in shares of Iris Energy during the second quarter worth approximately $113,000. Finally, PEAK6 Investments LLC purchased a new stake in shares of Iris Energy during the first quarter worth approximately $133,000. 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.