Iris Energy (IREN) Expected to Announce Earnings on Wednesday

Iris Energy (NASDAQ:IRENGet Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, February 12th. Analysts expect Iris Energy to post earnings of ($0.04) per share and revenue of $118.04 million for the quarter.

Iris Energy (NASDAQ:IRENGet Free Report) last announced its earnings results on Tuesday, November 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.11). Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%. On average, analysts expect Iris Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Iris Energy Trading Up 3.7 %

NASDAQ IREN opened at $11.07 on Thursday. The company has a 50 day moving average of $11.79 and a 200-day moving average of $9.87. Iris Energy has a 1-year low of $3.59 and a 1-year high of $15.92.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. Canaccord Genuity Group boosted their price target on Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. B. Riley increased their price objective on shares of Iris Energy from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Macquarie raised their target price on shares of Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, HC Wainwright upped their price target on shares of Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Check Out Our Latest Stock Report on Iris Energy

Iris Energy Company Profile

(Get Free Report)

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

See Also

Earnings History for Iris Energy (NASDAQ:IREN)

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