Rocket Companies(RKT)
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SMGZY vs. RKT: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-03-15 16:41
Investors interested in Technology Services stocks are likely familiar with Smiths Group PLC (SMGZY) and Rocket Companies (RKT) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies w ...
SMGZY or RKT: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-02-28 17:41
Investors interested in Technology Services stocks are likely familiar with Smiths Group PLC (SMGZY) and Rocket Companies (RKT) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, w ...
Rocket Companies(RKT) - 2023 Q4 - Annual Report
2024-02-26 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-39432 Rocket Companies, Inc. (Exact name of registrant as specified in its charter) (State or other ...
Rocket Companies(RKT) - 2023 Q4 - Earnings Call Transcript
2024-02-23 01:29
Rocket Companies, Inc. (NYSE:RKT) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET Company Participants Sharon Ng - VP of IR Varun Krishna - CEO & Director Brian Brown - CFO & Treasurer Conference Call Participants Kevin Barker - Piper Sandler Jeff Adelson - Morgan Stanley Christian DeGrasse - Goldman Sachs Kyle Joseph - Jefferies Don Fandetti - Wells Fargo Ryan McKeveny - Zelman & Associates Doug Harter - UBS Operator Good afternoon. My name is Rob, and I will be your conference operator ...
Here's What Key Metrics Tell Us About Rocket Companies (RKT) Q4 Earnings
Zacks Investment Research· 2024-02-23 01:01
Rocket Companies (RKT) reported $693.81 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 44.3%. EPS of $0.00 for the same period compares to -$0.10 a year ago.The reported revenue represents a surprise of -5.64% over the Zacks Consensus Estimate of $735.27 million. With the consensus EPS estimate being -$0.05, the EPS surprise was +100.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...
Rocket Companies(RKT) - 2023 Q4 - Annual Results
2024-02-21 16:00
Rocket Companies Announces Fourth Quarter and Full Year 2023 Results DETROIT, February 22, 2024 – 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 fourth quarter and full year ended December 31, 2023. "I'm proud of our team members for consistent execution amid one of the most challenging years for mortgage originations in three decades. We demo ...
Rocket Companies (RKT) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Zacks Investment Research· 2024-02-19 15:20
The upcoming report from Rocket Companies (RKT) is expected to reveal quarterly loss of $0.05 per share, indicating an increase of 50% compared to the year-ago period. Analysts forecast revenues of $735.27 million, representing an increase of 52.9% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings ann ...
Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer
Prnewswire· 2024-01-04 17:30
Mildenhall is an internationally recognized marketing leader with decades of experience growing brands for public companies including Coca Cola and Airbnb.DETROIT, Jan. 4, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that it has named Jonathan Mildenhall as its first ever group Chief Marketing Officer (CMO), effective January 8, 2024.In this new role, Mildenhall will be r ...
Rocket Mortgage parent's stock rocked by analyst's sell call
Market Watch· 2024-01-03 19:26
Shares of Rocket Cos. tumbled Wednesday toward their worst day in 14 months after Keefe, Bruyette & Woods analyst Bose George turned bearish, citing valuation and the company’s weakness in the home-purchase market. Rocket Cos. is the parent company of Rocket Mortgage.“We expect mortgage volumes to remain weak in 2024, but to the extent they come in stronger than currently expected, higher volumes are likely to be driven by a stronger purchase market,” George wrote in a note to clients. “We believe that [Roc ...
Rocket Companies: A stock that traders are rushing to buy
MarketBeat· 2023-12-26 07:23
Key PointsA mix of easing home inventories and more flexible mortgage rates are about to lighten up the kerosine-filled stocks like Rocket Companies.Explosive growth projections may be within the realities of the coming months, as markets are betting on them alongside options traders.Certainty is present in the upside move, and the macro trends back the thesis.5 stocks we like better than Rocket CompaniesMost Wall Streeters can tell you that the time to step away from the desk and 'live a little' is when th ...