B. Riley Analysts Reduce Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – B. Riley decreased their Q3 2025 earnings per share estimates for shares of Iris Energy in a research note issued to investors on Monday, April 28th. B. Riley analyst N. Giles now expects that the company will earn $0.10 per share for the quarter, down from their prior estimate of $0.17. 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 Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.15 EPS, FY2026 earnings at $0.54 EPS and FY2027 earnings at $0.39 EPS.

Several other research analysts also recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research report on Thursday, February 13th. HC Wainwright raised their target price on Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised Iris Energy from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $15.00 to $12.00 in a research note on Thursday, March 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price objective on shares of Iris Energy in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group lifted their target price on shares of Iris Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One 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 stock. According to MarketBeat.com, Iris Energy presently has an average rating of “Buy” and a consensus price target of $20.40.

Iris Energy Stock Performance

NASDAQ:IREN opened at $6.37 on Thursday. The company has a fifty day moving average of $6.62 and a two-hundred day moving average of $9.69. Iris Energy has a fifty-two week low of $4.36 and a fifty-two week high of $15.92.

Iris Energy (NASDAQ:IREN) last announced its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%.

Institutional Investors Weigh In On Iris Energy

A number of hedge funds have recently modified their holdings of IREN. Arrowstreet Capital Limited Partnership boosted its holdings in Iris Energy by 1,307.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company’s stock valued at $55,825,000 after purchasing an additional 5,280,999 shares during the last quarter. Vident Advisory LLC lifted its holdings in Iris Energy by 26.1% in the fourth quarter. Vident Advisory LLC now owns 2,937,918 shares of the company’s stock valued at $28,850,000 after acquiring an additional 608,736 shares during the last quarter. Invesco Ltd. grew its position in Iris Energy by 22.5% in the fourth quarter. Invesco Ltd. now owns 2,311,583 shares of the company’s stock worth $22,700,000 after acquiring an additional 424,403 shares during the period. Regal Partners Ltd grew its position in Iris Energy by 93.9% in the fourth quarter. Regal Partners Ltd now owns 1,697,554 shares of the company’s stock worth $16,670,000 after acquiring an additional 822,251 shares during the period. Finally, Two Sigma Investments LP increased its stake in Iris Energy by 193.2% during the fourth quarter. Two Sigma Investments LP now owns 1,602,642 shares of the company’s stock worth $15,738,000 after acquiring an additional 1,056,005 shares during the last quarter. Hedge funds and other institutional investors 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.