Q1 2025 EPS Estimates for Iris Energy Limited (NASDAQ:IREN) Lowered by Analyst

Iris Energy Limited (NASDAQ:IREN) – Roth Capital lowered their Q1 2025 earnings per share estimates for Iris Energy in a research report issued on Monday, October 7th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of ($0.15) per share for the quarter, down from their previous estimate of ($0.13). Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Iris Energy’s Q1 2026 earnings at ($0.05) EPS, Q2 2026 earnings at ($0.04) EPS and FY2027 earnings at ($0.32) EPS.

Several other analysts have also issued reports on the company. Needham & Company LLC initiated coverage on Iris Energy in a report on Wednesday, September 4th. They set a “hold” rating for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Iris Energy in a research note on Thursday, August 29th. JPMorgan Chase & Co. dropped their price objective on Iris Energy from $11.00 to $9.50 and set an “overweight” rating for the company in a research note on Friday, August 23rd. Compass Point dropped their price objective on Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of Iris Energy in a research note on Thursday, October 3rd. One 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $15.44.

Iris Energy Price Performance

NASDAQ:IREN opened at $7.33 on Wednesday. The stock has a 50-day simple moving average of $7.84 and a two-hundred day simple moving average of $8.30. Iris Energy has a 52-week low of $2.79 and a 52-week high of $15.75.

Institutional Investors Weigh In On Iris Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Truist Financial Corp raised its holdings in shares of Iris Energy by 3.2% in the second quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after buying an additional 1,575 shares during the period. Bluefin Capital Management LLC bought a new position in Iris Energy in the second quarter worth approximately $113,000. VitalStone Financial LLC grew its stake in Iris Energy by 373.9% in the first quarter. VitalStone Financial LLC now owns 13,980 shares of the company’s stock worth $71,000 after purchasing an additional 11,030 shares in the last quarter. Seven Eight Capital LP bought a new position in Iris Energy in the second quarter worth approximately $146,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in Iris Energy in the second quarter worth approximately $149,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

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.