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Rocket Companies (RKT)
NYSE:RKT
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.04Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 9.59%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Rocket Companies demonstrated strong financial performance with significant revenue growth and operational improvements driven by technological advancements and innovative products. Despite market volatility and expected expense increases, the company's strategic investments and AI integration position it for continued growth.Company Guidance
During Rocket Companies' fourth quarter and full-year 2024 earnings call, CEO Varun Krishna highlighted the company's strong financial performance and strategic initiatives. The company achieved $1.2 billion in adjusted revenue for Q4, marking a 34% year-over-year growth, and $4.9 billion in adjusted revenue for the full year, a 30% increase. Adjusted EPS for Q4 was $0.04, and $0.23 for the full year. Rocket Companies focused on efficiency, expanding its adjusted EBITDA margin to 18% from 2% the previous year. The company also increased its servicing portfolio to $593 billion in unpaid principal balance, a 17% rise, and added 308,000 new servicing clients, totaling 2.8 million. With strategic investments in AI, technology, and marketing, Rocket Companies aims to further enhance its market share and improve client experiences.Strong Revenue Growth
In Q4, Rocket Companies generated $1.2 billion in adjusted revenue, representing a 34% year-over-year growth. For the full-year 2024, adjusted revenue was $4.9 billion, a 30% increase from the previous year.
Significant Operating Leverage Improvement
The adjusted EBITDA margin grew to 18% in 2024, up from 2% the previous year, showcasing strong operational efficiency.
Innovative Product Launches
Rocket Companies launched products like ONE+, 1% down, and Welcome Home RateBreak, which doubled the volume of affordability products in 2024 compared to 2023.
AI Transformative Impact
AI-driven tools saved one million hours of team member time and resulted in $40 million in efficiency gains, with Rocket Logic transforming client service and underwriting processes.
Servicing Portfolio Growth
The servicing portfolio reached $593 billion in unpaid principal balance, a 17% increase, adding 308,000 new servicing clients.
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RKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $12.83 | $14.00 | +9.12% |
| Nov 12, 2024 | $15.54 | $14.13 | -9.07% |
| Aug 01, 2024 | $15.36 | $17.25 | +12.30% |
| May 02, 2024 | $12.73 | $13.30 | +4.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rocket Companies (RKT) report earnings?
Rocket Companies (RKT) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Rocket Companies (RKT) earnings time?
Rocket Companies (RKT) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RKT EPS forecast?
RKT EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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