B. Riley Analysts Lower Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Investment analysts at B. Riley cut their Q2 2025 earnings per share estimates for Iris Energy in a research note issued on Wednesday, November 27th. B. Riley analyst L. Pipes now expects that the company will earn ($0.09) per share for the quarter, down from their prior estimate of $0.09. B. Riley has a “Buy” rating and a $12.00 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 Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at ($0.15) EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.17 EPS, Q4 2026 earnings at $0.14 EPS and FY2026 earnings at $0.63 EPS.

Other equities analysts also recently issued reports about the company. Cantor Fitzgerald raised their price target on Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Canaccord Genuity Group increased their price objective on Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price objective on Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Compass Point dropped their price objective on Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, HC Wainwright increased their price objective on Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Iris Energy has an average rating of “Buy” and an average target price of $16.33.

Iris Energy Stock Performance

Shares of NASDAQ:IREN opened at $12.62 on Monday. Iris Energy has a 1-year low of $3.56 and a 1-year high of $15.75. The business has a fifty day moving average price of $9.63 and a 200-day moving average price of $9.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IREN. AFG Fiduciary Services Limited Partnership purchased a new position in Iris Energy in the third quarter worth about $77,000. Covestor Ltd bought a new position in shares of Iris Energy in the third quarter worth about $87,000. Sippican Capital Advisors bought a new position in shares of Iris Energy in the third quarter worth about $94,000. Bluefin Capital Management LLC bought a new position in shares of Iris Energy in the second quarter worth about $113,000. Finally, Seven Eight Capital LP bought a new position in shares of Iris Energy in the second quarter worth about $146,000. 41.08% of the stock is 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.