Iris Energy LimitedNASDAQ: IREN

SYDNEY, July 01, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update.

SYDNEY, June 06, 2024 (GLOBE NEWSWIRE) -- IREN (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today published a monthly investor update for May 2024.

There is increasing optimism about Iris Energy's earnings potential, leading to its upgrade to a Zacks Rank #2 (Buy) and the possibility of a higher stock price.

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Iris Energy, now known as IREN (NASDAQ), recently reported its second-quarter earnings for fiscal year 2024, with mixed results compared to analyst estimates. While the company's EPS of $0.01 fell short of the consensus estimate of $0.02, its revenue of $42 million exceeded expectations, coming in higher than the consensus estimate of $38.09 million.

Iris Energy Limited (IREN) Q2 2024 Earnings Call Transcript

The average of price targets set by Wall Street analysts indicates a potential upside of 62.3% in Iris Energy Limited (IREN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Iris Energy Limited (IREN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

SYDNEY, Australia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the “Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced that it will release its financial results for the three and six-months ended December 31, 2023, on Thursday, February 15, 2024 USA Eastern Time and will host a conference call beginning at 5:00 p.m. USA Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://investors.irisenergy.co/events-and-presentations