B. Riley Brokers Decrease Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at B. Riley lowered their Q2 2025 EPS estimates for Iris Energy in a report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will post earnings of ($0.11) per share for the quarter, down from their prior estimate of ($0.09). B. Riley currently 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 $0.01 per share. B. Riley also issued estimates for Iris Energy’s Q4 2025 earnings at $0.13 EPS, FY2025 earnings at ($0.10) EPS, FY2026 earnings at $0.84 EPS and FY2027 earnings at $0.32 EPS.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. HC Wainwright boosted their price target on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Macquarie raised their price objective on shares of Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Roth Capital upgraded Iris Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Two equities research analysts have 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.50.

Iris Energy Stock Up 5.0 %

IREN opened at $11.81 on Monday. Iris Energy has a one year low of $3.56 and a one year high of $15.92. The business has a 50 day simple moving average of $11.29 and a two-hundred day simple moving average of $10.26.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Iris Energy in the second quarter worth $779,000. Main Management ETF Advisors LLC bought a new stake in Iris Energy during the 3rd quarter valued at about $760,000. Van ECK Associates Corp raised its holdings in Iris Energy by 56.1% in the third quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock worth $13,938,000 after buying an additional 576,726 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Iris Energy by 123.1% in the third quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company’s stock worth $416,000 after buying an additional 27,212 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Iris Energy by 71.2% in the third quarter. Creative Planning now owns 457,625 shares of the company’s stock worth $3,862,000 after buying an additional 190,300 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.