Roth Capital Has Negative Outlook of Iris Energy Q2 Earnings

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at Roth Capital dropped their Q2 2025 earnings estimates for Iris Energy in a research note issued on Wednesday, November 27th. Roth Capital analyst D. Aftahi now expects that the company will post earnings per share of ($0.03) for the quarter, down from their prior forecast of ($0.01). Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.01 per share. Roth Capital also issued estimates for Iris Energy’s Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.03 EPS, Q1 2026 earnings at $0.22 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.18 EPS, Q4 2026 earnings at $0.10 EPS, FY2026 earnings at $0.70 EPS and FY2027 earnings at $0.32 EPS.

Other equities research analysts have also issued reports about the stock. HC Wainwright raised their price objective 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. Roth Mkm initiated coverage on shares of Iris Energy in a report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Cantor Fitzgerald raised their price objective on shares of Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Iris Energy currently has an average rating of “Buy” and a consensus target price of $16.33.

Iris Energy Stock Performance

Shares of NASDAQ:IREN opened at $12.93 on Monday. Iris Energy has a 12 month low of $3.56 and a 12 month high of $15.75. The company’s fifty day simple moving average is $9.72 and its 200 day simple moving average is $9.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Iris Energy in the 2nd quarter valued at about $779,000. Van ECK Associates Corp grew its position in shares of Iris Energy by 56.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock valued at $13,938,000 after acquiring an additional 576,726 shares during the period. Vontobel Holding Ltd. grew its position 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 valued at $416,000 after acquiring an additional 27,212 shares during the period. Creative Planning grew its position in shares of 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 acquiring an additional 190,300 shares during the period. Finally, Campbell Capital Management Inc. bought a new position in shares of Iris Energy in the 3rd quarter valued at about $608,000. 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.