Q3 Earnings Estimate for Iris Energy Issued By HC Wainwright

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at HC Wainwright decreased their Q3 2025 EPS estimates for Iris Energy in a research report issued to clients and investors on Wednesday, November 27th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.13. HC Wainwright 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 $0.26 per share.

A number of other brokerages also recently weighed in on IREN. Cantor Fitzgerald raised their price objective on Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday. Roth Mkm assumed coverage on shares of Iris Energy in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price objective on the stock. Canaccord Genuity Group boosted 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. JPMorgan Chase & Co. lowered their target price on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating for the company in a research note on Friday, August 23rd. Finally, Roth Capital raised Iris Energy to a “strong-buy” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $16.33.

Iris Energy Trading Up 29.7 %

Shares of NASDAQ:IREN opened at $12.40 on Thursday. Iris Energy has a 12-month low of $3.56 and a 12-month high of $15.75. The business’s fifty day simple moving average is $9.32 and its 200-day simple moving average is $9.46.

Institutional Investors Weigh In On Iris Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP increased its position in shares of Iris Energy by 33.6% in the 2nd quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock valued at $43,035,000 after acquiring an additional 958,494 shares during the period. Van ECK Associates Corp grew its stake in Iris Energy by 56.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock valued at $13,938,000 after purchasing an additional 576,726 shares during the last quarter. D1 Capital Partners L.P. acquired a new position in shares of Iris Energy in the second quarter valued at about $17,319,000. Hood River Capital Management LLC purchased a new position in shares of Iris Energy in the second quarter worth about $13,618,000. Finally, Bank of Montreal Can purchased a new position in shares of Iris Energy in the second quarter worth about $9,969,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

Iris Energy Company Profile

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