FY2025 EPS Estimates for Iris Energy Decreased by Analyst

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at HC Wainwright reduced their FY2025 EPS estimates for shares of Iris Energy in a research report issued on Wednesday, November 27th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of $0.15 per share for the year, down from their previous forecast of $0.28. HC Wainwright currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.01 per share. HC Wainwright also issued estimates for Iris Energy’s Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.25 EPS and FY2026 earnings at $1.10 EPS.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald upped their target price on shares of Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Macquarie upped their target price on shares of Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Roth Capital upgraded shares of Iris Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Canaccord Genuity Group increased their price objective on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $16.33.

Iris Energy Stock Down 6.6 %

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 company has a fifty day moving average price of $9.63 and a 200 day moving average price of $9.63.

Institutional Investors Weigh In On Iris Energy

Institutional investors and hedge funds have recently modified their holdings of the company. AFG Fiduciary Services Limited Partnership bought a new stake in shares of Iris Energy in the 3rd quarter valued at about $77,000. Covestor Ltd bought a new position in Iris Energy in the 3rd quarter valued at about $87,000. Sippican Capital Advisors bought a new position in shares of Iris Energy during the third quarter worth approximately $94,000. Bluefin Capital Management LLC bought a new position in shares of Iris Energy during the second quarter worth approximately $113,000. Finally, Seven Eight Capital LP bought a new position in shares of Iris Energy during the second quarter worth approximately $146,000. 41.08% of the stock is owned by 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.