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RKT

Rocket Companies, Inc.

$7.6

Earnings Summary

Revenue
$1294.69Mn
Net Profits
$96.22Mn
Net Profit Margins
7.43%

Highlights

Revenue:

Rocket Companies, Inc.’s revenue fell -57.97% since last year same period to $1294.69Mn in the Q3 2022. On a quarterly growth basis, Rocket Companies, Inc. has generated -4.39% fall in its revenue since last 3-months.

Net Profits:

Rocket Companies, Inc.’s net profit jumped 27.72% since last year same period to $96.22Mn in the Q3 2022. On a quarterly growth basis, Rocket Companies, Inc. has generated 2717.69% jump in its net profits since last 3-months.

Net Profit Margins:

Rocket Companies, Inc.’s net profit margin jumped 203.91% since last year same period to 7.43% in the Q3 2022. On a quarterly growth basis, Rocket Companies, Inc. has generated 2847.07% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Rocket Companies, Inc. post its latest quarter earnings

EPS Estimate Current Quarter
0.02
EPS Estimate Current Year
0.02

Highlights

EPS Estimate Current Quarter:

Rocket Companies, Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.02 - a 188.77% jump from last quarter’s estimates.

EPS Estimate Current Year:

Rocket Companies, Inc.’s earning per share (EPS) estimates for the current year stand at 0.02.

Key Ratios

Key ratios of the Rocket Companies, Inc. post its Q2 2022 earnings

Earning Per Share (EPS)
-0.03
Return on Assets (ROA)
0.05
Return on Equity (ROE)
17.75

Highlights

Earning Per Share (EPS):

Rocket Companies, Inc.’s earning per share (EPS) fell -106.52% since last year same period to -0.03 in the Q2 2022. This indicates that the Rocket Companies, Inc. has generated -106.52% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Rocket Companies, Inc.’s return on assets (ROA) stands at 0.05.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Rocket Companies, Inc.’s return on equity (ROE) stands at 17.75.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2021-03-24
0.88
1.14
29.87%
2020-09-02
1.4
0.45
-67.86%
2020-11-12
1.09
1.21
11.01%

Company Information

Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. Rocket Companies offers an industry-leading client experience powered by our simple, fast, and trusted digital solutions. Rocket Companies has 22,000 team members across the United States and Canada. Its flagship company, Rocket Mortgage, has been named to Fortune magazine's list of '100 Best Companies to Work For' for 17 consecutive years.

Organisation
Rocket Companies, Inc.
Headquarters
1050 Woodward Avenue, Detroit, MI, United States, 48226
Employees
26000
Industry
Finance
CEO
Jay Farner

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