Iris Energy FY2025 EPS Forecast Reduced by HC Wainwright

Iris Energy Limited (NASDAQ:IREN) – Equities research analysts at HC Wainwright lowered their FY2025 EPS estimates for Iris Energy in a report released on Wednesday, November 27th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $0.15 per share for the year, down from their previous forecast of $0.28. HC Wainwright 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. HC Wainwright also issued estimates for Iris Energy’s Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.25 EPS and FY2026 earnings at $1.10 EPS.

A number of other research firms have also weighed in on IREN. Cantor Fitzgerald lifted their price objective on shares of Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Macquarie boosted their target price on Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. dropped their price objective on Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a report on Friday, August 23rd. B. Riley reduced their target price on Iris Energy from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, Canaccord Genuity Group increased their price target on shares of Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One analyst has 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 MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $16.33.

Iris Energy Stock Performance

Shares of IREN opened at $12.93 on Monday. The company’s 50 day simple moving average is $9.72 and its 200-day simple moving average is $9.68. Iris Energy has a 12-month low of $3.56 and a 12-month high of $15.75.

Institutional Investors Weigh In On Iris Energy

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

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.