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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Interest and amortization expense on non-funding debt

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Rocket Companies, Inc.

Rocket Cos., Inc. engages in the provision of a suite of services related to homeownership and other personal financial transactions. It operates through the following segments: Direct to Consumer and Partner Network. The Direct to Consumer segment consists of performance marketing and direct engagement through the Rocket Mortgage App. The Partner Network Segment focuses on partnerships with premier consumer-focused organizations, brokers and mortgage professionals who leverage the platform and scale to provide mortgage solutions to clients. The company was founded by Daniel Gilbert in 1985 and is headquartered in Detroit, MI.

Earnings data Q1 2021

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Earnings data Q1 2024

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Rocket Companies reports solid Q4 performance amidst market challenges

Rocket Companies navigated challenges in 2022 with resilience, focusing on client engagement and strategic investments to drive growth and enhance market position.
Despite margin impacts in Q4, the company remains optimistic about the mortgage industry outlook, leveraging opportunities in the purchase market and consumer engagement for future success.
With a strong emphasis on client experience and retention, Rocket Companies aims to capitalize on market shifts and strategic initiatives to drive revenue growth and market share expansion.

Rocket Companies reports strong Q1 results and eyes mortgage market

Rocket Companies delivered strong Q1 results and is focused on enhancing the home buying experience through innovative initiatives and client engagement.
Despite challenges in home inventory levels and industry capacity, Rocket's financial strength and unique client approach position them well for growth.
The company's strategic outlook for Q2 revenue, emphasis on client relationships, and opportunities in the mortgage space highlight its resilience and growth potential.

Rocket Companies reports robust Q2 earnings amidst market challenges

Rocket Companies delivered strong financial performance in Q2, focusing on growth, cost-saving measures, and client satisfaction. Despite market challenges, they are optimistic about opportunities in the purchase-driven origination market and potential benefits from new regulations.

Rocket Companies, Inc. reports robust Q3 earnings amidst Q4 challenges

Rocket Companies, Inc. demonstrated strong financial performance in Q3 but anticipates challenges in Q4. Despite margin pressures and industry conditions, Rocket's strategic focus on growth, efficiency, and market positioning bode well for future opportunities and resilience in the market.

Rocket Companies posts strong Q4 results, eyes AI growth opportunities

Rocket Companies delivered robust financial performance in Q4 2023, showcasing revenue growth, expense management, and a focus on core business and home ownership.
The company's strengths lie in its strong balance sheet, innovative products, and strategic positioning in servicing and customer acquisition.
Challenges include industry dynamics, regulatory pressures, and the need for sustained growth amidst market uncertainties.
Opportunities for Rocket include AI-driven enhancements, margin improvements, and strategic investments in marketing and customer retention.

Rocket Companies reports robust Q1 results and AI-driven growth

Rocket Companies, Inc. delivered strong Q1 financial performance with a focus on market share growth, operational efficiencies, and AI-driven innovations.
Challenges include maintaining margins amid rising rates and competition in the servicing asset market, but opportunities lie in volume growth and AI differentiation.
Overall, Rocket's strategic initiatives position it well for continued growth and market share expansion in the mortgage industry.

Rocket Companies exceeds Q2 revenue targets, focuses on AI growth

Rocket Companies delivered strong financial results, exceeding revenue guidance and showcasing growth in market share and efficiency.
Their strategic focus on AI investments and operational efficiency bodes well for future profitability and market expansion.
While facing industry challenges, Rocket Companies remains optimistic and committed to driving growth through innovation and strategic initiatives.

Rocket Companies exceeds Q3 revenue, eyes growth amid market challenges

Rocket Companies delivered strong financial results in Q3 2024, exceeding revenue guidance and showcasing growth in market share. The company's focus on efficiency through AI-driven technology and strategic partnerships enhances its competitive position. Despite market challenges, Rocket remains optimistic about future growth and market opportunities.

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Carvana

Redfin

As the ghost of inflation continues to haunt the U.S. economy, investors have the daunting task of navigating the choppy financial markets. Amid the uncertainty, high-risk stocks in inflation are under the scanner for most investors.

3 Stocks to Sell for Stubbornly High Inflation

The real estate market could see higher demand as inflation declines, benefiting Rocket Companies, Inc. and its programs like BUY+ and SELL+. Interest rates are approaching their peak, which may lead to a recovery in the real estate market and increased demand for mortgages. Despite risks associated with Rocket's ONE+ program, improving macroeconomic conditions and potential rate cuts in 2024 make RKT a potential investment.

Rocket Recovery With Expected Increase In Home Buying

AGNC Investment

MGIC Investment

PulteGroup

Housing sector valuations and trends suggest holding Pulte, selling Rocket and Redfin, and buying MGIC and AGNC. Factors affecting the housing industry include a housing shortage, low affordability, excellent mortgage credit quality, low interest rates, and a wide spread between mortgage and 10-year Treasury interest rates. Investment opportunities depend on the specific sector within the housing industry and the impact of these trends on each company.

Best Housing Plays, Very Different Stories By Sector

Opendoor

Navigating the tumultuous housing landscape can be a nerve-racking endeavor for long-term investors. With towering home prices, escalating mortgage rates, and a shrinking inventory, the echoes of a potential housing market crash are difficult to ignore.

3 Stocks That Will Make You Poor if the Housing Market Tanks

ONE+ offers an exclusive affordable home loan option, with mortgage insurance at no cost to the homebuyer – potentially saving more than 90 million Americans thousands of dollars DETROIT , May 22, 2023 /PRNewswire/ -- Rocket Mortgage , the nation's largest retail home lender and part of Rocket Companies (NYSE: RKT), today introduced ONE+, a new 1% down home loan program that will dramatically increase access to homeownership for millions of low-to-moderate-income earning Americans. With ONE+, a homebuyer is only required to make a down payment of 1% of the purchase price and Rocket Mortgage will cover the remaining 2% needed to reach the required threshold for conventional loans.

Rocket Mortgage Addresses Affordability Challenges with New 1% Down Home Loan Program

Trex

Weyerhaeuser

The U.S. economy experienced an unprecedented disruption over the past few years. Many sectors were caught up in the sudden stoppage of the economy in 2020, followed by an incredible boom thereafter.

3 Housing Stocks That Will Crash as Housing Starts and Building Permits Plunge

Lennar

EZCORP

Nordstrom

SoFi Technologies

Vroom

If we follow the common wisdom, the Federal Reserve raised interest rates in what could be its last major action against inflation, which would then make stocks to sell in a hawkish environment seem completely irrelevant. For what it's worth, I hope that this list of publicly traded enterprises to watch out for ages like milk.

7 Stocks to Sell if the Fed Keeps Raising Interest Rates

Lyft

National CineMedia

Ascent Solar Technologies Inc

Energy Focus

Mobiquity Technologies

Sonic Foundry

While no one invests in the capital markets to lose money, you can suffer the same result if you don't heed the warnings of stocks to dump fast before they tank your portfolio. True, this topic generates discomfort and usually anger.

Dump These 7 Stocks Fast Before They Tank Your Portfolio

The headline numbers for Rocket Companies (RKT) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Rocket Companies (RKT) Q1 Earnings: A Look at Key Metrics

Start Time: 16:30 January 1, 0000 5:18 PM ET Rocket Companies, Inc. (NYSE:RKT ) Q1 2023 Earnings Conference Call May 04, 2023, 16:30 PM ET Company Participants Jay Farner - CEO Bill Emerson - Director Brian Brown - CFO and Treasurer Sharon Ng - VP, IR Conference Call Participants Ryan Nash - Goldman Sachs Kevin Barker - Piper Sandler Richard Shane - JPMorgan Donald Fandetti - Wells Fargo Kevin Kaczmarek - Zelman & Associates Operator Good afternoon. My name is David, and I'll be your conference operator today.

Rocket Companies, Inc. (RKT) Q1 2023 Earnings Call Transcript

Rocket Companies (RKT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.15 per share a year ago.

Rocket Companies (RKT) Reports Q1 Loss, Misses Revenue Estimates

Generated Q1'23 net revenue of $666 million and adjusted revenue of $882 million. Adjusted revenue exceeded the high end of guidance range Reached 27.6 million Rocket Accounts1 across our ecosystem, as of March 31, 2023 Launched BUY+ and SELL+ purchase initiative, a collaboration between Rocket Homes and Rocket Mortgage, to help homebuyers and homeowners transact with ease Unveiled Rocket Visa Signature Credit Card, the first credit card designed to make home buying more accessible and homeownership easier through everyday spending As previously announced on February 13, 2023, Bill Emerson, Board Director of Rocket Companies and Vice Chairman of Rock Holdings, has been appointed to serve as interim CEO effective June 1 DETROIT , May 4, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced results for the quarter ended March 31, 2023.

Rocket Companies Announces First Quarter 2023 Results

loanDepot

KB Home

Ocwen Financial

With the broader equity indices struggling for traction, rising recession fears brings the glaring spotlight back on so-called real estate bubble stocks. Due to the unique circumstance underlying the Covid-19 crisis and subsequent governmental response, housing prices skyrocketed.

7 Stocks That Will Get Pummeled When the Real Estate Bubble Pops

Rocket Companies (RKT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Rocket Companies (RKT) to Report a Decline in Earnings: What to Look Out for

DETROIT , April 21, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced the Company will issue its first quarter 2023 earnings on May 4, 2023. Leadership will host a conference call to discuss results at 4:30 p.m.

Rocket Companies to Announce First Quarter 2023 Results on May 4

RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), ("RESAAS" or the "Company"), a leading provider of technology solutions for the Real Estate Industry, has announced a preliminary partnership with Rocket Mortgage Canada.

RESAAS Enters into Partnership with Rocket Mortgage Canada

Homebuyers will receive up to $10,000 toward closing costs when using Rocket Mortgage along with a Rocket Homes Partner Agent DETROIT , April 3, 2023 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced BUY+ , a collaboration with sister company Rocket Homes that keeps cash in consumer's pockets. Clients who obtain purchase financing from Rocket Mortgage and find a home with the help of a Rocket Homes Partner Real Estate Agent, will receive a credit equal to 1.5% of their loan amount to put toward closing costs, helping relieve some of the upfront cost of buying a home.

It Takes Two: Homebuyers Save Big with New Offer from Rocket Mortgage and Rocket Homes

Cardholders can earn 5% back toward a down payment or 2% toward their mortgage principal balance with Rocket Mortgage DETROIT , March 28, 2023 /PRNewswire/ -- Rocket Companies, Inc . (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today unveiled the Rocket Visa Signature Card , the first credit card created to make homebuying easier and more accessible through everyday spending.

Swipe or Tap Your Way To A Home: New Rocket Visa Signature Card Is The First Credit Card Designed with Homeownership in Mind

Bed Bath & Beyond

iBio

Nabriva Therapeutics

Shift Technologies

Virgin Galactic

Peruse the Internet for investment guidance and you're likely to hear the adage that you shouldn't consider stocks to sell when faced with volatility. Rather, you should buy up assets and securities when there's blood on the streets.

7 Stocks to Sell as Banks Melt Down

Mr. Cooper Group Inc

United Wholesale Mortgage

UWM is best poised to succeed in the current purchase-driven market. The mortgage business is at the bottom of the cycle right now.

Here's Why UWM Believes Brokers Are Better

Rocket is better suited for a refinance environment. Rocket is adding new products to its ecosystem.

Here's What Rocket Is Doing About the Mortgage Meltdown

Newmark Group

Broadmark Realty Capital Inc.

Zillow

Due to a combination of macroeconomic challenges and affordability constraints, investors should be aware of the real estate stocks to avoid. Admittedly, the contrarian narrative initially seems compelling.

7 Real Estate Stocks to Avoid as the Market Flip-Flops

Company launches second special purpose credit program in three months by offering new Freddie Mac program offering $3,000 to use toward a down payment for those buying in underrepresented communities DETROIT , March 7, 2023 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and part of Rocket Companies (NYSE: RKT), is the first national lender to offer Freddie Mac's BorrowSmart Access SM program. The program offers a $3,000 credit for first time homebuyers to use toward their down payment – helping to reduce the largest hurdle to homeownership, especially in underserved communities.

Rocket Mortgage Further Expands Affordable Homebuying Options with New BorrowSmart Access

Generated Full Year 2022 revenue of $5.8 billion and net income of $700 million Reached 25.4 million Rocket Accounts1 across our ecosystem, as of December 31, 2022 Rocket Rewards, our loyalty program, grew its user base to 1 million clients DETROIT , Feb. 28, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced results for the quarter and full year ended December 31, 2022. "Last year marked a period of transformation for Rocket.

Rocket Companies Announces Fourth Quarter and Full Year 2022 Results

ElectroCore Inc

Genius Brands

Lannett Company

Marathon Digital Holdings

Getty Images Holdings Inc

With major economic weakness possibly lurking around the corner, investors should consider targeting stocks to sell. Specifically, market participants should note securities that feature rising short borrow fees.

News for Rocket Companies, Inc. Stock (RKT)