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Strength Seen in Better Home & Finance Holding Company (BETR): Can Its 28.5% Jump Turn into More Strength?
ZACKSยท 2025-10-21 15:36
Core Insights - Better Home & Finance Holding Company (BETR) shares increased by 28.5% to close at $81.39, with a notable trading volume and an overall gain of 85.8% over the past four weeks [1][2] Company Developments - The significant rise in BETR's shares is attributed to positive developments in home equity products, with a reported 166% year-over-year increase, facilitating the refinancing of over $193 million in customer debt [2] - BETR has partnered with Finance of America Reverse LLC to expand its product offerings, which may enhance revenue streams and boost investor confidence [2] Financial Expectations - The company is projected to report a quarterly loss of $1.75 per share, reflecting a year-over-year change of +45.8%, while revenues are expected to reach $48.07 million, up 65.8% from the previous year [3] - The consensus EPS estimate for BETR has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - BETR operates within the Zacks Financial - Mortgage & Related Services industry, where Rocket Companies (RKT) has experienced a 2.8% increase in its stock price, contrasting with RKT's -18.8% return over the past month [4]