Q3 Earnings Forecast for Iris Energy Issued By Roth Capital

Iris Energy Limited (NASDAQ:IREN) – Analysts at Roth Capital reduced their Q3 2025 earnings per share estimates for shares of Iris Energy in a research report issued to clients and investors on Monday, April 7th. Roth Capital analyst D. Aftahi now expects that the company will earn $0.17 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for Iris Energy’s current full-year earnings is $0.43 per share. Roth Capital also issued estimates for Iris Energy’s Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.18 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.22 EPS, Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.30 EPS, FY2026 earnings at $1.13 EPS and FY2027 earnings at $1.08 EPS.

A number of other research analysts have also weighed in on IREN. B. Riley lifted their target price on Iris Energy from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 19th. BTIG Research started coverage on Iris Energy in a research note on Friday, December 20th. They set a “buy” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. upgraded Iris Energy from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $15.00 to $12.00 in a report on Thursday, March 13th. HC Wainwright increased their price objective on Iris Energy from $16.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their target price on Iris Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Iris Energy has an average rating of “Buy” and a consensus price target of $20.40.

Iris Energy Price Performance

Shares of IREN opened at $5.90 on Thursday. Iris Energy has a fifty-two week low of $4.15 and a fifty-two week high of $15.92. The business has a 50-day moving average of $8.59 and a 200 day moving average of $9.96.

Iris Energy (NASDAQ:IREN) last announced its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%.

Hedge Funds Weigh In On Iris Energy

A number of large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of Iris Energy by 1,307.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company’s stock valued at $55,825,000 after buying an additional 5,280,999 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Iris Energy by 26.1% during the fourth quarter. Vident Advisory LLC now owns 2,937,918 shares of the company’s stock valued at $28,850,000 after buying an additional 608,736 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Iris Energy by 22.5% during the fourth quarter. Invesco Ltd. now owns 2,311,583 shares of the company’s stock valued at $22,700,000 after buying an additional 424,403 shares during the last quarter. Regal Partners Ltd raised its holdings in shares of Iris Energy by 93.9% during the fourth quarter. Regal Partners Ltd now owns 1,697,554 shares of the company’s stock valued at $16,670,000 after buying an additional 822,251 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Iris Energy by 193.2% during the fourth quarter. Two Sigma Investments LP now owns 1,602,642 shares of the company’s stock valued at $15,738,000 after buying an additional 1,056,005 shares during the last quarter. Institutional investors 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.