Rocket Companies (NYSE:RKT) Releases Earnings Results, Misses Expectations By $0.24 EPS

Rocket Companies (NYSE:RKT - Get Free Report) released its earnings results on Thursday. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.24), Zacks reports. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.15 billion. Rocket Companies had a positive return on equity of 2.86% and a negative net margin of 0.38%. Rocket Companies updated its Q1 2025 guidance to EPS.

Rocket Companies Trading Up 0.6 %

Shares of RKT traded up $0.08 during trading hours on Monday, reaching $14.08. 6,877,259 shares of the company traded hands, compared to its average volume of 3,530,431. Rocket Companies has a 12 month low of $10.06 and a 12 month high of $21.38. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of -88.00 and a beta of 2.43. The company's fifty day moving average price is $12.06 and its two-hundred day moving average price is $15.12. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RKT shares. JPMorgan Chase & Co. lowered their price objective on shares of Rocket Companies from $14.00 to $10.50 and set an "underweight" rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their target price on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. UBS Group upgraded shares of Rocket Companies from a "sell" rating to a "neutral" rating and cut their price target for the company from $12.50 to $11.50 in a research report on Friday, January 10th. Keefe, Bruyette & Woods raised their price objective on Rocket Companies from $10.50 to $12.00 and gave the company an "underperform" rating in a research note on Monday. Finally, Bank of America boosted their target price on Rocket Companies from $14.00 to $15.00 and gave the company an "underperform" rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $13.83.

Remove Ads

Rocket Companies Company Profile

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.