Roth Capital Has Strong Forecast for Iris Energy Q2 Earnings

Iris Energy Limited (NASDAQ:IREN) – Stock analysts at Roth Capital increased their Q2 2025 earnings per share estimates for shares of Iris Energy in a report released on Tuesday, December 10th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.03). 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 $0.28 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.26 EPS, Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $1.28 EPS, Q1 2027 earnings at $0.16 EPS and FY2027 earnings at $0.75 EPS.

IREN has been the subject of several other reports. Canaccord Genuity Group boosted their target price on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. Compass Point lowered their target price on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Roth Mkm began coverage on Iris Energy in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price target for the company. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Iris Energy has an average rating of “Moderate Buy” and a consensus price target of $17.56.

Iris Energy Price Performance

Shares of NASDAQ IREN opened at $13.11 on Friday. The business has a 50 day simple moving average of $10.69 and a 200 day simple moving average of $10.06. Iris Energy has a 52 week low of $3.56 and a 52 week high of $15.92.

Institutional Investors Weigh In On Iris Energy

Institutional investors have recently added to or reduced their stakes in the company. Bluefin Capital Management LLC acquired a new position in shares of Iris Energy in the 2nd quarter valued at $113,000. AFG Fiduciary Services Limited Partnership acquired a new stake in Iris Energy during the third quarter valued at approximately $77,000. Covestor Ltd bought a new position in shares of Iris Energy during the 3rd quarter worth approximately $87,000. Sippican Capital Advisors acquired a new stake in Iris Energy in the 3rd quarter valued at $94,000. Finally, Seven Eight Capital LP bought a new stake in Iris Energy in the second quarter valued at $146,000. 41.08% of the stock is owned by institutional investors and hedge funds.

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.