Rocket Companies Inc reports results for the quarter ended December 31 - Earnings Summary

• Rocket Companies Inc RKT.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of thirteen analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 1 cents to 4 cents per share.

• Revenue rose 155% to $1.77 billion from a year ago; analysts expected $1.19 billion.

• Rocket Companies Inc's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $33.87 million.

• Rocket Companies Inc shares had risen by 16.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 average consensus recommendation for the financial technology (fintech) peer group is also "hold"

Wall Street's median 12-month price target for Rocket Companies Inc is $13.50

This summary was machine generated from LSEG data February 27 at 11:34 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)