Iris Energy is not expected to significantly exceed market expectations with its earnings report tomorrow. The company's latest fiscal year is 2024, with the latest fiscal quarter being Q4. The estimated EPS for Q4 of 2024 is $0.03, and the estimated revenue is $58.17 million1.
While Iris Energy has received a strong buy consensus rating and a positive price target from analysts, the company's financial performance has been impacted by market conditions and operational challenges. Additionally, the estimated revenue for Q4 2024 is below the previous quarter's revenue, indicating a potential decline in sales and profitability.
Given these factors, it is unlikely that Iris Energy will significantly exceed market expectations with its earnings report tomorrow. Investors should exercise caution and consider the potential risks before making any investment decisions regarding IREN stock.