B. Riley Issues Optimistic Forecast for Iris Energy Earnings

Iris Energy Limited (NASDAQ:IREN) – Research analysts at B. Riley increased their Q3 2025 earnings estimates for shares of Iris Energy in a research note issued to investors on Wednesday, February 12th. B. Riley analyst N. Giles now expects that the company will earn $0.11 per share for the quarter, up from their previous forecast of $0.09. B. Riley has a “Buy” rating and a $16.00 price target on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.11 per share. B. Riley also issued estimates for Iris Energy’s Q4 2025 earnings at $0.15 EPS and FY2027 earnings at $0.25 EPS.

Iris Energy (NASDAQ:IREN) last announced its earnings results on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.13. Iris Energy had a negative net margin of 36.10% and a negative return on equity of 8.01%.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 target price (up from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. BTIG Research began coverage on shares of Iris Energy in a research report on Friday, December 20th. They issued a “buy” rating and a $33.00 price objective on the stock. HC Wainwright boosted their price objective on shares of Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research note on Thursday. Finally, Cantor Fitzgerald lifted their target price on shares of Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.70.

Iris Energy Stock Performance

Shares of IREN stock opened at $13.01 on Thursday. The stock’s 50-day moving average price is $11.72 and its 200 day moving average price is $9.95. Iris Energy has a 52-week low of $4.15 and a 52-week high of $15.92.

Hedge Funds Weigh In On Iris Energy

A number of large investors have recently made changes to their positions in IREN. Baader Bank Aktiengesellschaft boosted its holdings in Iris Energy by 66.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company’s stock worth $1,228,000 after buying an additional 50,000 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Iris Energy during the 3rd quarter valued at approximately $760,000. Van ECK Associates Corp boosted its stake in shares of Iris Energy by 56.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock worth $13,938,000 after acquiring an additional 576,726 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Iris Energy by 123.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company’s stock worth $416,000 after acquiring an additional 27,212 shares during the period. Finally, Creative Planning increased its stake in Iris Energy by 71.2% in the 3rd quarter. Creative Planning now owns 457,625 shares of the company’s stock valued at $3,862,000 after purchasing an additional 190,300 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

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.