Rocket Companies, Inc. (RKT)
| Market Cap | 28.70B |
| Revenue (ttm) | 3.59B |
| Net Income (ttm) | -22.50M |
| Shares Out | 1.98B |
| EPS (ttm) | -0.26 |
| PE Ratio | n/a |
| Forward PE | 78.06 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,848,373 |
| Open | 14.96 |
| Previous Close | 15.01 |
| Day's Range | 14.44 - 15.06 |
| 52-Week Range | 6.76 - 15.19 |
| Beta | 2.24 |
| Analysts | Hold |
| Price Target | 8.98 (-37.98%) |
| Earnings Date | Feb 27, 2024 |
About RKT
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 buyin... [Read more]
Financial Performance
In 2022, RKT's revenue was $5.84 billion, a decrease of -54.79% compared to the previous year's $12.91 billion. Earnings were $46.42 million, a decrease of -84.94%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for RKT stock is "Hold." The 12-month stock price forecast is $8.98, which is a decrease of -37.98% from the latest price.
News
Rocket Companies: A stock that traders are rushing to buy
Most Wall Streeters can tell you that the time to step away from the desk and 'live a little' is when the VIX is low, and stocks aren't set to move as quickly. However, the veterans will correct that ...
Rocket Homes Launches First AI-Driven Apple CarPlay Feature to Fuel Homeownership
Rocket Homes now shows nearby homes for sale on the car screen through Apple CarPlay. DETROIT , Dec. 12, 2023 /PRNewswire/ -- Rocket Homes, a tech-based real estate service provider and part of Rocket...
Agree Realty Announces Appointment of Linglong He to Board of Directors
ROYAL OAK, Mich. , Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effecti...
Rocket Companies CEO: Most of the players in real estate are 'significantly under-penetrated'
Varun Krishna, Rocket Companies CEO, joins 'Squawk Box' to discuss mortgage demand, mortgage rate trends, the state of the housing market, impact of A.I., and more.
Rocket Companies Announces Third Quarter 2023 Results
Generated Q3'23 net revenue of $1.203 billion and adjusted revenue of $1.002 billion. Adjusted revenue exceeded the high end of guidance range Reported GAAP net income of $115 million, or $0.04 per GA...
Sterling Bank and Trust Teams Up with Rocket Mortgage to Offer Bank Customers Access to Rocket's Award-Winning Home Loan Experience
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bank and Trust, F.S.B., the wholly owned subsidiary of Sterling Bancorp, Inc. (NASDAQ: SBT) today announced a partnership with Rocket Mortgage, America's l...
Pathfinder, Rocket's Proprietary Mortgage Guideline Search Engine, Reaches New Heights Using Automation, AI and Machine Learning
The innovative tool leverages generative AI technology to provide one source of truth for loan officers and underwriters, helping buyers purchase their new home with speed and certainty DETROIT , Oct....
Lendesk Harnesses the Power of Artificial Intelligence With New Lender Spotlight AI Assistant - Saving Mortgage Professionals Time and Finding Solutions Faster for Homebuyers
New generative AI resource improves precision and expedites decision-making, helping Canadian homebuyers access mortgage options quicker VANCOUVER, BC , Oct. 24, 2023 /PRNewswire/ -- Lendesk Technolog...
Rocket Companies to Announce Third Quarter 2023 Results on November 2
DETROIT , Oct. 19, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real esta...
Rocket Companies Announces Second Quarter 2023 Results
Rocket Companies appoints Varun Krishna as Chief Executive Officer of Rocket Companies and Rocket Mortgage Generated Q2'23 net revenue of $1.236 billion and adjusted revenue of $1.002 billion. Adjuste...
Rocket Companies Appoints Varun Krishna Chief Executive Officer
Highly Accomplished Fintech Executive with Proven Track Record of Delivering Superior Performance and Innovation Bob Walters, Rocket Companies Executive and Rocket Mortgage CEO to Retire Effective Sep...
Rocket Mortgage Ranked #1 in the U.S. for Client Satisfaction in Mortgage Servicing by J.D. Power for the 9th Time
The company has earned 21 total accolades from J.D. Power – including 12 top rankings for mortgage origination – the most of any home lender.
Rocket Mortgage Canada Becomes Mortgage Lender - Helping Simplify the Homebuying Experience
Canada's newest lender will offer end-to-end technology platform, ensuring transparency and speed throughout every step of the homebuying process WINDSOR, ON , July 25, 2023 /PRNewswire/ -- Rocket Mor...
Rocket Companies to Announce Second Quarter 2023 Results on August 3
DETROIT , July 20, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real esta...
Lowe's cuts guidance, Rocket introduces 1% down program for home buyers
Yahoo Finance reporter Dani Romero discusses Lowe's Q1 earnings which indicate that homeowners are remodeling their homes less and breaks down which areas consumers are downsizing in.
Rocket Mortgage Addresses Affordability Challenges with New 1% Down Home Loan Program
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, 202...
Rocket Companies Announces First Quarter 2023 Results
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, a...
Rocket Companies to Announce First Quarter 2023 Results on May 4
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 est...
RESAAS Enters into Partnership with Rocket Mortgage Canada
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 Rock...
It Takes Two: Homebuyers Save Big with New Offer from Rocket Mortgage and Rocket Homes
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 larg...
Swipe or Tap Your Way To A Home: New Rocket Visa Signature Card Is The First Credit Card Designed with Homeownership in Mind
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 De...
Rocket Mortgage Further Expands Affordable Homebuying Options with New BorrowSmart Access
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...
Rocket Companies Announces Fourth Quarter and Full Year 2022 Results
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,...
Lendesk Automates Loan Document Submission Through Partnerships with Tech Provider Intellifi and Mortgage Lender Strive
The final step in Lendesk's end-to-end digital mortgage experience saves time and adds a layer of security for both Canadian mortgage brokers and lenders VANCOUVER, BC , Feb. 15, 2023 /PRNewswire/ -- ...
Rocket Companies to Announce Fourth Quarter and Full Year 2022 Results on February 28
DETROIT , Feb. 14, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real esta...