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Rocket Companies (RKT)
NYSE:RKT
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
0.06Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 17.85%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
Rocket Companies delivered strong Q1 results with significant achievements in AI integration, strategic acquisitions, and growth in home equity loans. However, the company faced challenges due to April's market volatility, which impacted consumer sentiment and purchase applications. Despite these challenges, the company remains optimistic about future growth and integration efforts.Company Guidance
During the Rocket Companies First Quarter 2025 Earnings Call, the company provided a robust set of metrics reflecting their performance and future outlook. The company reported $1.3 billion in adjusted revenue, which was at the high end of their guidance, and achieved $0.04 in adjusted diluted EPS. They saw a 21% increase in origination clients in March compared to March 2023 and reduced turn times by 14%. Rocket Companies reported serving 50% more clients per production team member compared to March 2023. Additionally, the company noted a significant impact from their AI initiatives, such as a 50% reduction in remediation costs through an AI tool and a projected $1 million cost saving in 2025. The call also highlighted strategic acquisitions planned to enhance their integrated homeownership platform, including acquisitions of Redfin and Mr. Cooper, which are expected to strengthen their business model and expand their data and ecosystem partnerships.Strong Q1 2025 Performance
Rocket Companies reported $1.3 billion in adjusted revenue, at the high end of guidance, and $0.04 in adjusted diluted EPS. The company served 21% more origination clients in March compared to March 2023, and reduced turn times by 14%.
Innovative Use of AI
AI initiatives such as Agentic AI and call analysis tools have significantly improved productivity, with an estimated 50% reduction in remediation costs and projected savings of over $1 million in 2025. These innovations have enabled a 50% increase in clients served per production team member.
Strategic Acquisitions
Announced acquisitions of Redfin and Mr. Cooper aim to transform Rocket's business model by integrating real estate search, origination scale, and servicing strength into an end-to-end homeownership platform.
Growth in Home Equity Loans
Rocket Companies experienced a 17% year-over-year increase in net rate lock volume, driven by growth in refinance and home equity loan offerings.
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 08, 2025 | $11.65 | $11.11 | -4.64% |
Feb 27, 2025 | $12.14 | $13.25 | +9.14% |
Nov 12, 2024 | $14.70 | $13.37 | -9.05% |
Aug 01, 2024 | $14.54 | $16.32 | +12.24% |
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 31, 2025, TBA Not Confirmed.
What is Rocket Companies (RKT) earnings time?
Rocket Companies (RKT) earnings time is at Jul 31, 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 (Q2) is 0.04.