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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Rocket Companies, Inc.

Rocket Cos., Inc. engages in the provision of a suite of services related to homeownership and other personal financial transactions. It operates through the following segments: Direct to Consumer and Partner Network. The Direct to Consumer segment consists of performance marketing and direct engagement through the Rocket Mortgage App. The Partner Network Segment focuses on partnerships with premier consumer-focused organizations, brokers and mortgage professionals who leverage the platform and scale to provide mortgage solutions to clients. The company was founded by Daniel Gilbert in 1985 and is headquartered in Detroit, MI.

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Rocket Companies reports solid Q4 performance amidst market challenges

Rocket Companies navigated challenges in 2022 with resilience, focusing on client engagement and strategic investments to drive growth and enhance market position.
Despite margin impacts in Q4, the company remains optimistic about the mortgage industry outlook, leveraging opportunities in the purchase market and consumer engagement for future success.
With a strong emphasis on client experience and retention, Rocket Companies aims to capitalize on market shifts and strategic initiatives to drive revenue growth and market share expansion.

Rocket Companies reports strong Q1 results and eyes mortgage market

Rocket Companies delivered strong Q1 results and is focused on enhancing the home buying experience through innovative initiatives and client engagement.
Despite challenges in home inventory levels and industry capacity, Rocket's financial strength and unique client approach position them well for growth.
The company's strategic outlook for Q2 revenue, emphasis on client relationships, and opportunities in the mortgage space highlight its resilience and growth potential.

Rocket Companies reports robust Q2 earnings amidst market challenges

Rocket Companies delivered strong financial performance in Q2, focusing on growth, cost-saving measures, and client satisfaction. Despite market challenges, they are optimistic about opportunities in the purchase-driven origination market and potential benefits from new regulations.

Rocket Companies, Inc. reports robust Q3 earnings amidst Q4 challenges

Rocket Companies, Inc. demonstrated strong financial performance in Q3 but anticipates challenges in Q4. Despite margin pressures and industry conditions, Rocket's strategic focus on growth, efficiency, and market positioning bode well for future opportunities and resilience in the market.

Rocket Companies posts strong Q4 results, eyes AI growth opportunities

Rocket Companies delivered robust financial performance in Q4 2023, showcasing revenue growth, expense management, and a focus on core business and home ownership.
The company's strengths lie in its strong balance sheet, innovative products, and strategic positioning in servicing and customer acquisition.
Challenges include industry dynamics, regulatory pressures, and the need for sustained growth amidst market uncertainties.
Opportunities for Rocket include AI-driven enhancements, margin improvements, and strategic investments in marketing and customer retention.

Rocket Companies reports robust Q1 results and AI-driven growth

Rocket Companies, Inc. delivered strong Q1 financial performance with a focus on market share growth, operational efficiencies, and AI-driven innovations.
Challenges include maintaining margins amid rising rates and competition in the servicing asset market, but opportunities lie in volume growth and AI differentiation.
Overall, Rocket's strategic initiatives position it well for continued growth and market share expansion in the mortgage industry.

Rocket Companies exceeds Q2 revenue targets, focuses on AI growth

Rocket Companies delivered strong financial results, exceeding revenue guidance and showcasing growth in market share and efficiency.
Their strategic focus on AI investments and operational efficiency bodes well for future profitability and market expansion.
While facing industry challenges, Rocket Companies remains optimistic and committed to driving growth through innovation and strategic initiatives.

Rocket Companies exceeds Q3 revenue, eyes growth amid market challenges

Rocket Companies delivered strong financial results in Q3 2024, exceeding revenue guidance and showcasing growth in market share. The company's focus on efficiency through AI-driven technology and strategic partnerships enhances its competitive position. Despite market challenges, Rocket remains optimistic about future growth and market opportunities.

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Rocket Companies has both a marketing and a cost edge over its competitors.

1 Financial Stock That Has a Killer Advantage

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Investors already enjoying strong gains in the year may want to look at these short-term stocks to buy heading into the new year. The post 7 Short-Term Stocks To Buy for a Happy New Year   appeared first on InvestorPlace.

7 Short-Term Stocks To Buy for a Happy New Year  

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.

PreMarket Prep Stock Of The Day: Rocket Companies

The mortgage originator has some risk, but its earnings multiples are extremely low and Wall Street is underestimating it.

How Risky Is Rocket Stock?

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Alphabet, Amazon, Wynn Resorts and Rocket Companies were our top stock trades for Tuesday. Now, let's have a look at the charts now.

4 Top Stock Trades for Tuesday: GOOGL, AMZN, WYNN, RKT

Investors need to pay close attention to Rocket Companies (RKT) stock based on the movements in the options market lately.

Do Options Traders Know Something About Rocket Companies (RKT) Stock We Don't?

DETROIT, Dec. 9, 2020 /PRNewswire/ -- Nexsys Technologies, a FinTech company and subsidiary of Rocket Companies (NYSE:RKT) that provides a suite of essential tech solutions for mortgage origination and closing, today officially released its Clear HOI platform to mortgage lenders...

Nexsys Technologies Releases Clear HOI, a Groundbreaking Homeowners Insurance Verification Tool, to All Mortgage Lenders

All good things must come to an end. What happens then?

Where Will Rocket Be in 5 Years?

The mortgage titan is a major beneficiary of historically low interest rates.

Why Rocket Companies Stock Rose 13.7% in November

DETROIT, Nov. 19, 2020 /PRNewswire/ -- Rocket Mortgage, America's largest mortgage lender, and Amrock, one of the nation's largest providers of title insurance, property valuations and settlement services, delivered 90% of all digital closings with eNotes through the first three quarters...

Rocket Mortgage and Amrock Continue to Set Bar for the Nation in Digital Closings Throughout 2020

DETROIT, Nov. 16, 2020 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto –...

Rocket Companies to Participate in Citi Financial Technology Virtual Conference

Are Wall Street analysts underestimating the opportunity of this mortgage originator specialist?

Is Rocket Companies a Buy?

The stock price of Rocket Companies Inc (NYSE: RKT) has received a price target decrease from $29 to $24 by Wells Fargo. These are the details.

RKT Stock Price: $24 Target By Wells Fargo

It's an amazing time to be a mortgage lender. The pandemic has set off an epic rush to buy homes and an urgent need for mortgages.

The housing market is sizzling, and Rocket Mortgage is cashing in

Rocket Companies CEO Jay Farner said the lender saw $30 billion in closed volume in the month of October, double what it saw in the beginning of 2020.

Rocket Companies CEO: Tech investments drove record loan volume in Q3

Although revenue and net income dropped slightly from Q2, the company serviced more customers than ever before.

Rocket Companies Third-Quarter Earnings Beat Consensus, But Shares Don't Move

Rocket Companies Inc (NYSE: RKT) shares fell about 3.3% on Wednesday after the company reported a record third quarter on Tuesday afternoon. The Numbers: Rocket Companies, which is the parent company of Rocket Mortgage and Quicken Loans, reported third-quarter adjusted EPS of $1.21 on revenue of $4.74 billion.

Analysts React To Rocket Companies Q3 Earnings: 'Differentiated Tech-Driven Platform'

DETROIT, Nov. 11, 2020 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – announced the appointment of Jonathan...

Rocket Companies Welcomes Jonathan Mariner to Board of Directors

Revenue skyrocketed 186 percent to $4.63 billion in the three-month period ended September 30

Rocket Companies Inc. (NYSE: RKT) beats analysts' projections for the third quarter

Detroit-based Rocket Companies Inc (NYSE: RKT), home to Rocket Mortgage and Quicken Loans, the largest retail mortgage lender, reported a third-quarter earnings beat after Tuesday's close. What Happened: In its second earnings release since going public, Rocket reported adjusted revenue of $4.74 billion for the third quarter, a 163% year-over-year, beating the consensus analyst estimate of $4.55 billion.

Rocket Mortgage Q3 Earnings Echoe Commitment To Innovation, Democratization Of Homeownership

Rocket Companies, Inc. (RKT) CEO Jay Farner on Q3 2020 Results - Earnings Call Transcript

Rocket Companies Inc. shares dipped 2% in after-hours trading Tuesday after the Quicken Loans' parent company and provider of technology services related to homeownership and other personal financial transactions, reported fiscal third-quarter earnings. Rocket Companies reported net income of $2.99 billion, or 54 cents a share, compared with net income of $495 million in the year-ago quarter.

Rocket Companies stock dips 2% on Q3 results

Rocket Companies Inc (NYSE: RKT) reported third-quarter earnings after the close on Tuesday. Q3 Earnings: The parent company of Rocket Mortgage and Quicken Loans reported adjusted revenue of $4.74 billion for the third quarter, which was up 163% year-over-year and beat the $4.55 billion target from Wall Street analysts.

Rocket Companies Revenue Up 163% In Record Q3

Rocket Companies Inc. shares dipped 1% in after-hours trading Tuesday after the Quicken Loans' parent company and provider of technology services related to homeownership and other personal financial transactions, reported fiscal third-quarter earnings that missed Wall Street estimates. Rocket Companies reported net income of $2.99 billion, or 54 cents a share, compared with net income of $495 million in the year-ago quarter.

Rocket Companies shares dip 1% on earnings miss

DETROIT, Nov. 9, 2020 /PRNewswire/ -- Rocket Mortgage by Quicken Loans, the nation's largest mortgage lender and a subsidiary of Rocket Companies (NYSE: RKT), was today named #1 in the nation for client satisfaction in primary mortgage origination by J.D. Power. This is the record 11th...

News for Rocket Companies, Inc. Stock (RKT)