Rocket Companies (RKT)
NYSE:RKT
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive picture: the company delivered strong Q1 results (revenue and EBITDA above guidance, margin expansion, and EPS improvement), meaningful AI-driven efficiency and conversion gains, accelerated integration synergies (Mr. Cooper) realized ahead of schedule, and materially increased origination capacity and partner additions. Headwinds are primarily macro-driven — rate volatility tied to geopolitical events, a slower-than-normal spring housing season, and some short-term refinance pullback — which management expects to weather given a defensive revenue mix (≈70% recurring/less rate-sensitive) and continued operating leverage. Overall, the operational and strategic positives outweigh the near-term market challenges.Company Guidance
Adjusted Revenue Above Guidance
Adjusted revenue of $2.822 billion in Q1, exceeding the high end of guidance.
Strong Profitability and Margin Expansion
Adjusted EBITDA of $738 million with margin expanding to 26% from 23% in the prior quarter; adjusted diluted EPS of $0.15 versus $0.11 in Q4.
Net Rate Lock Volume Growth
Net rate lock volume of $49 billion, up 19% quarter over quarter, with market share gains in both purchase and refinance.
Large, High-Quality Servicing Portfolio
$2.1 trillion unpaid principal balance and over $1 billion in servicing fee income in Q1, providing stable recurring cash flow and recapture advantages.
Material AI-Driven Operating Gains
Invested >$500 million in AI/automation over six years; AI prospecting reduced loan officer prospecting time from up to two hours/day to zero and drove double-digit conversion increases; AgenTik preapprovals now 10% of preapprovals and generate 33% higher conversion; added another ~$1 billion of incremental monthly volume from recent AI launches.
Faster Product Launch Velocity and Capacity Gains
Feature launch velocity five times faster vs two years ago; origination capacity increased to up to $300 billion (from $150 billion in 2024) achieved two years ahead of schedule; loans closed per team member up ~75% vs two years ago.
Integration Synergies Ahead of Schedule
Mr. Cooper expense synergy target of $400 million annualized now expected fully realized by 2026 (one year ahead); $75 million annualized run-rate savings realized in Q1 with an expected additional $100 million by end of Q2 and $225 million in H2.
Recapture and Servicing-Driven Volume
Closed loan volume from servicing portfolio at an all-time high; 54% of refinance closings came from existing serviced clients, demonstrating strong recapture.
Product and Channel Growth
Home equity and jumbo loan products doubled year over year; nearly 180 new Rocket Pro partners added representing ~$5 billion in annual closed loan volume; gain-on-sale margin (ex-corr) of 322 bps, the highest since 2021.
Redfin and Strategic Partnerships Progress
Nearly 10,000 exclusive listings generated on Redfin, ~30,000 leads delivered to Compass, TPO purchases from Compass represent 25% of purchase loans in that channel; Redfin attach rate approaching 50% (around 45% currently).
Defensive Revenue Mix
Approximately 70% of revenue from recurring or less rate-sensitive sources, supporting stability across rate cycles.
Operational Speed Advantage
Q1 days to close less than half the industry average, with almost half of loans closing in 15 days or less, highlighting operational efficiency.
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
RKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $14.15 | $15.69 | +10.88% |
Feb 26, 2026 | $17.77 | $18.19 | +2.36% |
Oct 30, 2025 | $15.94 | $16.66 | +4.52% |
Jul 31, 2025 | $14.77 | $16.54 | +11.98% |
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.
FAQ
When does Rocket Companies (RKT) report earnings?
Rocket Companies (RKT) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Rocket Companies (RKT) earnings time?
Rocket Companies (RKT) earnings time is at Jul 30, 2026, After Close (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 2026 (Q2) is 0.17.