Roth Capital Has Negative Outlook of Iris Energy Q2 Earnings

Iris Energy Limited (NASDAQ:IREN) – Equities research analysts at Roth Capital lowered their Q2 2025 earnings estimates for Iris Energy in a research report issued to clients and investors on Wednesday, November 27th. Roth Capital analyst D. Aftahi now expects that the company will earn ($0.03) per share for the quarter, down from their prior forecast of ($0.01). Roth Capital 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 analysts have also issued research reports about the stock. Macquarie raised their price objective on shares of Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. dropped their price objective on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating for the company in a report on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. Canaccord Genuity Group raised their price objective on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, 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. 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’s stock. According to MarketBeat.com, Iris Energy presently has a consensus rating of “Buy” and a consensus target price of $16.33.

Iris Energy Price Performance

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 firm has a 50-day moving average price of $9.72 and a 200 day moving average price of $9.68.

Institutional Trading of Iris Energy

Several hedge funds have recently modified their holdings of IREN. Geode Capital Management LLC boosted its stake in Iris Energy by 56.3% in the third quarter. Geode Capital Management LLC now owns 735,071 shares of the company’s stock valued at $6,204,000 after acquiring an additional 264,883 shares during the last quarter. Sender Co & Partners Inc. bought a new position in Iris Energy in the third quarter valued at approximately $561,000. Continuum Advisory LLC bought a new position in Iris Energy in the third quarter valued at approximately $430,000. Y Intercept Hong Kong Ltd boosted its stake in Iris Energy by 592.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 206,706 shares of the company’s stock valued at $1,745,000 after acquiring an additional 176,843 shares during the last quarter. Finally, Main Management ETF Advisors LLC bought a new position in Iris Energy in the third quarter valued at approximately $760,000. 41.08% of the stock is owned by institutional investors.

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.