Profile
Sector:
Financial ServicesIndustry:
Mortgage FinanceCountry:
United StatesIPO:
06 August 2020Website:
http://www.rocketcompanies.comNext earnings report:
21 February 2025Last dividends:
07 March 2022Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:54:27 GMTAnalysts recommendations
Institutional Ownership
RKT Latest News
Rocket Companies (RKT) shares tumbled 10% Wednesday, a day after the online financial platform badly missed revenue estimates and gave soft guidance as the housing market continued to be squeezed by high borrowing costs.
While the top- and bottom-line numbers for Rocket Companies (RKT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Generated Q3'24 total revenue of $647 million and adjusted revenue of $1.323 billion. Adjusted revenue exceeded the high end of our guidance range Reported Q3'24 GAAP net loss of $481 million, or $0.19 GAAP diluted loss per share and adjusted net income of $166 million, or $0.08 adjusted diluted earnings per share Delivered Q3'24 adjusted EBITDA of $286 million, the highest in two years DETROIT , Nov. 12, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and personal finance businesses, today announced results for the third quarter ended September 30, 2024.
DETROIT , Oct. 29, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will issue its third quarter 2024 earnings on November 12, 2024. Leadership will host a conference call to discuss results at 4:30 p.m.
Detroit-based Rocket Mortgage will manage a portion of Annaly's serviced clients DETROIT , Oct. 1, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), and Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly"), the world's largest residential mortgage real estate investment trust, today announced the companies have entered into a subservicing agreement. Under the relationship, Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights ("MSR") held by Annaly.
Federal funds rate cuts create a favorable market environment for mortgage lenders and refinancers. Rocket Companies could capitalize on this demand as the company has a history of strong execution even in bad economic conditions. The company's valuation is attractive as further valuation expansion potential exists in the coming quarters.
Rocket Companies CEO Varun Krishna joins ‘The Exchange' to discuss the Fed's impact on mortgage rates, the state of the housing market, and more.
Sogorka, a former Business Unit President at Black Knight and CEO of mortgage technology firms Sagent and Cloudvirga, named General Manager of Rocket Mortgage's unit serving mortgage brokers Click here to download high resolution headshot DETROIT , Sept. 3, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT) today announced it has named Dan Sogorka as General Manager of Rocket Pro Third Party Origination (TPO), the mortgage broker business of Rocket Mortgage, effective September 3.
DETROIT , Aug. 26, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will host its first Investor Day on Tuesday, September 10, 2024 starting at 9:00 a.m. ET in Detroit, Michigan.
New temporary buydown option eases the transition into homeownership with Rocket Mortgage covering the cost of a lower interest rate for two years DETROIT , Aug. 26, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today introduced "Welcome Home RateBreak," a lender-paid 2-1 temporary buydown program. Buyers can enjoy significant savings with a mortgage rate reduced by two percentage points in the first year, then one percentage point in the second year before returning to the note rate in the third year and until the mortgage is paid off.
What type of business is Rocket Companies?
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. It also offers Core Digital Media, a online marketing platform in the mortgage and personal financial product sectors; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rock Connections, a sales and support platform specializing in contact center services; and Rocket Innovation Studio that recruits and mentors top technology talent. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. The company operates as a subsidiary of Rock Holdings Inc.
What sector is Rocket Companies in?
Rocket Companies is in the Financial Services sector
What industry is Rocket Companies in?
Rocket Companies is in the Mortgage Finance industry
What country is Rocket Companies from?
Rocket Companies is headquartered in United States
When did Rocket Companies go public?
Rocket Companies initial public offering (IPO) was on 06 August 2020
What is Rocket Companies website?
https://www.rocketcompanies.com
Is Rocket Companies in the S&P 500?
No, Rocket Companies is not included in the S&P 500 index
Is Rocket Companies in the NASDAQ 100?
No, Rocket Companies is not included in the NASDAQ 100 index
Is Rocket Companies in the Dow Jones?
No, Rocket Companies is not included in the Dow Jones index
When was Rocket Companies the previous earnings report?
No data
When does Rocket Companies earnings report?
The next expected earnings date for Rocket Companies is 21 February 2025