Iris Energy (IREN) to Release Quarterly Earnings on Wednesday

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

Iris Energy (NASDAQ:IREN) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, beating 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 Trading Up 2.3%

Shares of IREN stock opened at $7.05 on Monday. The company has a fifty day moving average price of $6.44 and a two-hundred day moving average price of $9.59. Iris Energy has a one year low of $4.65 and a one year high of $15.92.

Analyst Upgrades and Downgrades

IREN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $15.00 to $12.00 in a report on Thursday, March 13th. Canaccord Genuity Group increased their price target on shares of Iris Energy from $17.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, February 13th. HC Wainwright increased their price target on shares of Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price target on shares of Iris Energy in a report on Thursday, February 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.