B. Riley Predicts Iris Energy’s Q2 Earnings (NASDAQ:IREN)

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at B. Riley reduced their Q2 2025 earnings estimates for Iris Energy in a research 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 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.

Several other analysts have also commented on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (up from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. Canaccord Genuity Group lifted their price target on shares of Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. HC Wainwright upped their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Compass Point dropped their target price on shares of 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, Cantor Fitzgerald upped their price target on shares of Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Two investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Iris Energy Stock Performance

NASDAQ:IREN opened at $11.25 on Monday. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92. The stock’s 50-day moving average price is $11.23 and its 200-day moving average price is $10.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bluefin Capital Management LLC acquired a new stake in shares of Iris Energy in the second quarter valued at approximately $113,000. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Iris Energy in the 3rd quarter worth $77,000. Covestor Ltd acquired a new stake in shares of Iris Energy in the 3rd quarter worth $87,000. Sippican Capital Advisors purchased a new position in shares of Iris Energy during the 3rd quarter worth $94,000. Finally, Seven Eight Capital LP acquired a new position in shares of Iris Energy during the 2nd quarter valued at about $146,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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.