BUZZ-Rocket Companies jumps after Q4 profit beats estimate
ReutersFeb 28, 2025 1:09 PM
Shares of Rocket Companies RKT.N jump 6.7% to $13.69 premarket
Late-Thursday, mortgage lender's Q4 adjusted EPS beat analysts' estimate, while Q1 adjusted revenue forecast was largely below expectation
BofA Global Research says RKT results were better-than-feared, following peer UWM Holdings' UWMC.N earnings earlier this week
RKT says February has started to exceed its expectations and thinks 2025 will be better than 2024 amid green shoots in housing industry
BofA Global Research reiterates "neutral" rating following Q1 forecast, says shares are likely to remain range-bound until more clarity emerges on which way rates will move
Average rating of 14 analysts is "hold"; median PT is $13.50 - data compiled by LSEG
Shares up 14% YTD
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