Rocket Companies, Inc. (NYSE:RKT) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Sharon Ng - Vice President of Investor Relations Varun Krishna - Chief Executive Officer Brian Brown - Chief Financial Officer Conference Call Participants Mark DeVries - Deutsche Bank Ryan McKeveny - Zelman & Associates Jeff Adelson - Morgan Stanley Derek Sommers - Jefferies Brad Capuzzi - Piper Sandler Doug Harter - UBS Rick Shane - JPMorgan Operator Thank you for standing by and welcome to t ...

For the quarter ended June 2024, Rocket Companies (RKT) reported revenue of $1.3 billion, up 5.2% over the same period last year. EPS came in at $0.06, compared to -$0.02 in the year-ago quarter. The reported revenue represents a surprise of +5.96% over the Zacks Consensus Estimate of $1.23 billion. With the consensus EPS estimate being $0.05, the EPS surprise was +20.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Rocket Companies (RKT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.04, delivering a surprise of 300%. Over the last four quarters, the company has sur ...

Rocket Companies Announces Second Quarter 2024 Results • Generated Q2'24 total revenue, net of $1.3 billion and adjusted revenue of $1.2 billion. Adjusted revenue exceeded the high end of guidance range and increased year-over-year for the fourth straight quarter • Reported Q2'24 GAAP net income of $178 million, or $0.01 per GAAP diluted earnings per share and adjusted net income of $121 million, or $0.06 per adjusted diluted earnings per share • Delivered Q2'24 adjusted EBITDA of $225 million, increasing y ...

Financial services company Rocket Companies RKT reported second-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Rocket Companies reported adjusted revenue of $1.228 billion, which beat a Street consensus estimate of $1.219 billion, according to data from Benzinga Pro. Adjusted revenue was up year-over-year for a fourth straight quarter, the company said. The company reported earnings per share of 6 cents, beating a Street consensus estimate of 5 cents per s ...

Wall Street analysts forecast that Rocket Companies (RKT) will report quarterly earnings of $0.05 per share in its upcoming release, pointing to a year-over-year increase of 350%. It is anticipated that revenues will amount to $1.23 billion, exhibiting a decline of 0.7% compared to the year-ago quarter. The current level reflects a downward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...

The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. The market expects Rocket Companies (RKT) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might inf ...

DETROIT, July 25, 2024 /PRNewswire/ -- Rocket Mortgage, the country's largest retail mortgage lender and part of Rocket Companies (NYSE: RKT), was today ranked #1 in client satisfaction by J.D. Power in mortgage servicing. This is the 10th year the company has received the prestigious honor and the 22nd J.D. Power award Rocket Mortgage has earned in total, including 12 times being top ranked for mortgage origination. In the past year, Rocket has significantly expanded its use of artificial intelligence (AI) ...

DETROIT, July 18, 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 second quarter 2024 earnings on August 1, 2024. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date and a press release detailing the Company's results will be issued prior to the call. A live webcast ...

Let's be real – real estate is wildly expensive. It's the reason why anyone who is not directly associated with selling homes is pensive about recommending people taking the plunge. We all remember the disaster that was the housing crisis of the mid-2000s, followed by the global financial slump. That painful memory wasn't that long ago. Naturally, investors have some hesitation about RKT stock and the underlying mortgage financing service sector. Now, the critical view is that because inflationary forces ha ...