Iris Energy (IREN) Projected to Post Quarterly Earnings on Wednesday

Iris Energy (NASDAQ:IREN) will likely be releasing its earnings data after the market closes on Wednesday, February 12th. Analysts expect Iris Energy to post earnings of ($0.04) per share and revenue of $118.04 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Iris Energy (NASDAQ:IREN) last announced its earnings results on Tuesday, November 26th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%. On average, analysts expect Iris Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Iris Energy Price Performance

IREN opened at $12.86 on Tuesday. The stock’s 50-day moving average price is $11.75 and its 200 day moving average price is $9.90. Iris Energy has a 12-month low of $4.15 and a 12-month high of $15.92.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IREN shares. Macquarie raised their price objective on shares of Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price target (up previously from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. HC Wainwright boosted their price target on shares of Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. Finally, Canaccord Genuity Group boosted their target price on Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

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.