Rocket Companies Inc reports results for the quarter ended September 30 - Earnings Summary

• Rocket Companies Inc RKT.N reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 11 cents to 21 cents per share.

• Revenue rose 104.6% to $3.28 billion from a year ago; analysts expected $2.64 billion.

• Rocket Companies Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $709 million.

• Rocket Companies Inc shares had risen by 0.5% this quarter and lost 40.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.8% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for Rocket Companies Inc is $16.00, about 25.5% above its last closing price of $11.92

This summary was machine generated from LSEG data October 29 at 11:23 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)