What is B. Riley’s Estimate for Iris Energy Q1 Earnings?

Iris Energy Limited (NASDAQ:IREN) – Research analysts at B. Riley issued their Q1 2026 EPS estimates for shares of Iris Energy in a report issued on Thursday, May 15th. B. Riley analyst N. Giles expects that the company will post earnings per share of $0.13 for the quarter. B. Riley currently has a “Buy” rating and a $15.00 target price on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.43 per share. B. Riley also issued estimates for Iris Energy’s Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.15 EPS and FY2027 earnings at $0.45 EPS.

Other analysts have also recently issued reports about the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research note on Thursday, February 13th. HC Wainwright lowered their target price on shares of Iris Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, May 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $23.00 target price on shares of Iris Energy in a research note on Friday, May 16th. JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $15.00 to $12.00 in a research note on Thursday, March 13th. Finally, Macquarie lifted their target price on shares of Iris Energy from $15.50 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. One research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $20.30.

Iris Energy Stock Performance

Shares of Iris Energy stock opened at $8.61 on Monday. Iris Energy has a 1 year low of $5.13 and a 1 year high of $15.92. The business has a 50 day moving average price of $6.56 and a 200 day moving average price of $9.51.

Iris Energy (NASDAQ:IREN) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $153.38 million.

Institutional Trading of Iris Energy

Institutional investors have recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new stake in Iris Energy during the 4th quarter worth $29,000. HM Payson & Co. purchased a new position in Iris Energy in the 4th quarter valued at about $30,000. R Squared Ltd purchased a new position in Iris Energy in the 4th quarter valued at about $37,000. Main Management LLC purchased a new position in Iris Energy in the 4th quarter valued at about $49,000. Finally, Crewe Advisors LLC purchased a new position in Iris Energy in the 1st quarter valued at about $39,000. 41.08% of the stock is owned by hedge funds and other 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.