Iris Energy (IREN) ZACKS·2025-02-17 18:20Core Viewpoint - IREN Limited is showing a significantly improving earnings outlook, making it a potentially solid investment choice as analysts continue to raise their earnings estimates for the company [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding IREN Limited's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, IREN Limited is projected to earn 0.28 per share, representing a 196.55% increase from the prior year, with the consensus estimate increasing by 182.86% due to positive revisions [5]. Zacks Rank - IREN Limited currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on promising estimate revisions, which historically lead to significant outperformance compared to the S&P 500 [6]. - Stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown a strong track record of outperforming the market, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008 [3][6]. Market Performance - The stock has gained 8.5% over the past four weeks, driven by solid estimate revisions, suggesting that its earnings growth prospects may lead to further price increases [7].