HC Wainwright Reduces Earnings Estimates for Iris Energy

Iris Energy Limited (NASDAQ:IREN) – Equities researchers at HC Wainwright reduced their FY2025 EPS estimates for Iris Energy in a research report issued on Thursday, May 15th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of $0.23 per share for the year, down from their prior forecast of $0.45. HC Wainwright currently has a “Buy” rating and a $21.00 price target on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.43 per share. HC Wainwright also issued estimates for Iris Energy’s Q4 2025 earnings at $0.21 EPS and Q1 2026 earnings at $0.34 EPS.

Iris Energy (NASDAQ:IREN) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. The company had revenue of $148.10 million during the quarter, compared to analyst estimates of $153.38 million.

Several other brokerages have also weighed in on IREN. Canaccord Genuity Group reissued a “buy” rating and issued a $23.00 price objective on shares of Iris Energy in a research report on Friday, May 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 target price on shares of Iris Energy in a research report on Thursday, February 13th. Macquarie raised their price target on shares of Iris Energy from $15.50 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Thursday, March 13th. Finally, B. Riley lifted their price objective on shares of Iris Energy from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Iris Energy has a consensus rating of “Buy” and a consensus price target of $20.30.

Iris Energy Stock Up 0.8%

NASDAQ IREN opened at $8.61 on Monday. The firm’s fifty day moving average price is $6.56 and its two-hundred day moving average price is $9.51. Iris Energy has a 1 year low of $5.13 and a 1 year high of $15.92.

Institutional Investors Weigh In On Iris Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC increased its position in shares of Iris Energy by 21.8% in the first quarter. Belpointe Asset Management LLC now owns 24,974 shares of the company’s stock worth $152,000 after purchasing an additional 4,465 shares during the last quarter. Clearline Capital LP purchased a new position in shares of Iris Energy in the 1st quarter worth about $178,000. PharVision Advisers LLC purchased a new position in Iris Energy in the 1st quarter worth about $126,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Iris Energy by 14.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 987,466 shares of the company’s stock worth $6,014,000 after buying an additional 122,668 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Iris Energy during the 1st quarter valued at about $40,000. 41.08% of the stock is currently owned by institutional investors.

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.