Rocket Cos. Posts 25c Q3 EPS in First Look at Quarterly Results
RKT sits 17% above its 52-week low of $10.18.
Summary
Rocket reported third-quarter adjusted EPS of 15 cents and net income of $709 million, and guided fourth-quarter adjusted revenue to $2.1B–$2.3B. The adjusted EPS figure is separate from the 25 cents of EPS in the initial wire flash, which was up from the 16 cents it posted in Q2, when revenue nearly doubled to $2.78B but still missed consensus. The Q2 print was a mixed bag — record market share and surging revenue against an EPS miss — so the Q3 profit figure is the first read on whether margins are catching up to volume.
At the time of this announcement, RKT was trading at $11.93 on NYSE in the Finance sector, with a market capitalization of approximately $33.8B. The 52-week trading range was $10.18 to $24.36. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.