Iris Energy (IREN) to Release Quarterly Earnings on Wednesday

Iris Energy (NASDAQ:IREN) is anticipated to announce its Q3 2025 earnings results before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $153.38 million for the quarter.

Iris Energy (NASDAQ:IREN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. 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 $7.05 on Monday. The firm has a 50 day simple moving average of $6.44 and a 200 day simple moving average of $9.59. Iris Energy has a fifty-two week low of $4.65 and a fifty-two week high of $15.92.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IREN shares. HC Wainwright boosted their price target on shares of Iris Energy from $16.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $15.00 to $12.00 in a research note on Thursday, March 13th. Canaccord Genuity Group upped their target price on shares of Iris Energy from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of Iris Energy in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $20.40.

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.