The Iris Energy Limited (NASDAQ:IREN) Half-Yearly Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]
Iris Energy Limited (IREN)
Company Research
Source: Yahoo! Finance
Results overall weren't great; even though revenues of US$76m beat expectations by 14%, statutory losses ballooned to US$0.15 per share, substantially worse than the analysts had expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. Check out our latest analysis for Iris Energy Taking into account the latest results, the consensus forecast from Iris Energy's five analysts is for revenues of US$161.7m in 2024. This reflects a substantial 32% improvement in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 83% to US$0.033. Before this earnings announcement, the analysts had been modelling revenues of US$164.4m and losses of US$0.28 per share in 2024. While the
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IREN
News
- We're Not Worried About Iris Energy's (NASDAQ:IREN) Cash Burn [Yahoo! Finance]Yahoo! Finance
- Operating hashrate increased to 9 EH/sGlobeNewswire
- The Impact Of AI On Iris Energy's Bitcoin Mining Success [Seeking Alpha]Seeking Alpha
- Poolside upsizes and extends AI Cloud Services contractGlobeNewswire
- IREN Announces Monthly Investor Update for March 2024GlobeNewswire
IREN
Sec Filings
- 4/29/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/4/24 - Form 6-K
- IREN's page on the SEC website