Rocket Companies Inc <RKT.N> expected to post earnings of 3 cents a share - Earnings Preview
Rocket Companies Inc RKT.N, RKT is expected to show a rise in quarterly revenue when it reports results on February 27 for the period ending December 31 2024
The Detroit Michigan-based company is expected to report a 72.0% increase in revenue to $1.193 billion from $693.81 million a year ago, according to the mean estimate from 11 analysts, based on LSEG data.The company's guidance on November 12 2024, for the period ended December 31, was for revenue between $1.05 billion and $1.20 billion. (Sales is on Total Revenue / Net revenue)
LSEG's mean analyst estimate for Rocket Companies Inc is for earnings of 3 cents per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 11 "hold" and 3 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Rocket Companies Inc is $13.50, above its last closing price of $13.10.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.08 | 0.08 | 0.08 | Met | -1 |
Jun. 30 2024 | 0.05 | 0.05 | 0.06 | Beat | 21.9 |
Mar. 31 2024 | 0.01 | 0.01 | 0.04 | Beat | 550.4 |
Dec. 31 2023 | -0.05 | -0.04 | 0.00 | Beat | 100 |
Sep. 30 2023 | -0.03 | -0.03 | 0.00 | Beat | 100 |
Jun. 30 2023 | -0.04 | -0.04 | -0.02 | Beat | 51.3 |
Mar. 31 2023 | -0.09 | -0.09 | -0.06 | Beat | 32.5 |
Dec. 31 2022 | -0.12 | -0.11 | -0.10 | Beat | 7.3 |
This summary was machine generated February 25 at 21:17 GMT. 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)
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