Iris Energy (IREN) to Post Q2 Earnings: What's in Store? [Yahoo! Finance]
Iris Energy Limited (IREN)
Company Research
Source: Yahoo! Finance
The company has a trailing four-quarter average negative earnings surprise of 563.64%. Factors to Note Solid growth in operating hashrate and an increase in Bitcoin mined must have bolstered the company's revenues in the soon-to-be-reported quarter. The Zacks Consensus Estimate for IREN's fiscal second-quarter revenues is pegged at $36.3 million, indicating an improvement of 163.7% from the year-ago quarter's level. Iris Energy Limited Price and EPS Surprise Iris Energy Limited price-eps-surprise | Iris Energy Limited Quote On the earnings front, higher electricity costs, driven by growth in operating hashrate, might have had some adverse impact on IREN's quarterly bottom line. Nevertheless, solid revenue growth expectations, as well as improved operational performance, must have boosted its overall earnings in the fiscal second quarter. The Zacks Consensus Estimate for fiscal second-quarter earnings per share is pegged at breakeven, indicating a significant improvement
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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