Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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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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Interest and amortization expense on non-funding debt

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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.

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Market Cap

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

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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.

Earnings data Q4 2020

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Earnings data Q4 2022

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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.

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The worst appears to be over for the mortgage space.

Why Things Could Be Looking Up for Rocket Companies' Stock

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Though the housing sector represented one of the most remarkable developments of the post-coronavirus new normal, the subsequent paradigm shift necessitates a discussion about real estate stocks to sell. To be clear, it's not that this segment suddenly became irrelevant.

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Rocket Companies Inc (NYSE:RKT) is seeing a bullish options surge today, with 22,000 calls across the tape so far, which is three times the intraday average.

Call Traders Target RKT as Stock Rallies from Lows

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Insiders can sell for a whole host of reasons, including to make other investments, buy a house and pay for life's expenses.

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The mortgage market is highly cyclical, but Rocket is working to diversify its business.

Here's How Rocket Is Diversifying Its Offerings in a Tough Mortgage Environment

The FinTech leader's J.D. Power recognition is their 20th top ranking for client satisfaction, including eight #1 rankings for mortgage servicing DETROIT , Nov. 10, 2022 /PRNewswire/ -- Rocket Mortgage, part of Rocket Companies (NYSE: RKT), was today named #1 in the nation for client satisfaction in primary mortgage origination by J.D.

Finding a Better Way: Rocket Mortgage Ranked #1 in the U.S. for Client Satisfaction in Mortgage Origination by J.D. Power for 12th Time

Rocket Companies, Inc. (NYSE:RKT ) Q3 2022 Results Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Sharon Ng - Vice President-Investor Relations Jay Farner - Vice Chairman and Chief Executive Officer Brian Brown - Chief Accounting Officer Conference Call Participants James Faucette - Morgan Stanley Kevin Barker - Piper Sandler Ryan Nash - Goldman Sachs Doug Harter - Credit Suisse Mark DeVries - Barclays Derek Sommers - Jefferies Kevin Kaczmarek - Zelman & Associates Arren Cyganovich - Citigroup Operator Good morning. My name is Chris and I will be your conference operator today.

Rocket Companies, Inc. (RKT) Q3 2022 Results - Earnings Call Transcript

Rocket Companies (RKT) delivered earnings and revenue surprises of -300% and 18.53%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Rocket Companies (RKT) Reports Q3 Loss, Tops Revenue Estimates

Generated Q3'22 net revenue of $1.3 billion and net income of $96 million Delivered closed loan volume, net rate lock volume and gain on sale margin within our guided range Rocket reached 24 million Rocket Accounts1 across our ecosystem, as of September 30, 2022 Launched Rocket Rewards, our new loyalty program Approved renewal and extension of the $1 billion share repurchase program DETROIT , Nov. 3, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Money (formerly known as Truebill) and Rocket Loans – today announced results for the quarter ended September 30, 2022. "This period of change and reset in the mortgage industry creates significant opportunity for Rocket.

Rocket Companies Announces Third Quarter Results

Lennar

Toll Brothers

Perhaps the most debated topic of the new normal, the concept of real estate stocks to sell finally achieved mass-scale credibility. It all comes down to fundamental realities and it's better to not overthink it.

Hurry! 7 Pitiful Real Estate Stocks to Sell Before 2022 Ends

This is the latest in a series of new loan programs from Rocket Mortgage that help Americans achieve homeownership DETROIT , Nov. 2, 2022 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today introduced a conventional loan option for Americans who are interested in purchasing or refinancing a manufactured home. "After revolutionizing the home loan experience for traditional site-built homes, we are proud to bring the technology and expert guidance Rocket is known for to those who are purchasing manufactured homes," said Bob Walters, CEO of Rocket Mortgage.

Rocket Mortgage Again Expands Home Loan Options, Begins Financing Manufactured Homes

Loyalty program offers homebuyers savings on closing costs when using America's largest lender. DETROIT , Nov. 1, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT), a Detroit-based FinTech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today unveiled Rocket Rewards, an innovative loyalty program empowering consumers to accrue points that can be redeemed toward various financial transactions across the Rocket Platform.

Rocket Companies Introduces Rocket Rewards: New Engagement Program Helps Consumers Save Toward Their Financial Future

DETROIT , Oct. 20, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortgage, and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Auto and Rocket Money (formerly known as Truebill) – today announced the Company will issue its third quarter earnings on November 3, 2022. Leadership will host a conference call to discuss results at 4:30 p.m.

Rocket Companies Announces Third Quarter 2022 Earnings Date

Rocket helps partners reduce costs and streamline processes by generating loan estimates, disclosures and closing documents through digital client portal DETROIT , Oct. 17, 2022 /PRNewswire/ -- Rocket Pro TPO, the division of Rocket Mortgage working exclusively with independent mortgage brokers and correspondent lenders, today announced the national launch of "Correspondent Assist." Through the new program, Rocket will offer non-delegated correspondent lenders new and valuable operational benefits with the option to use a suite of new tech-driven fulfillment services, in addition to the existing platform supporting correspondent partners.

Rocket Pro TPO Gives Correspondent Lenders More Speed, Efficiency and Flexibility with New "Correspondent Assist" Program

Suffice it to say that 2022 is a tough year to be a mortgage origination specialist like Rocket Companies (NYSE: RKT ). Frankly, RKT stock has behaved like a rocket that ran out of fuel.

Rocket Companies Has Run Out of Fuel. Time to Abandon RKT Stock

Adobe

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Insider buys are widely followed by investors and for valid reasons. If an insider buys, it could only mean one thing - they expect shares to move upwards.

Insiders Have Bought These 3 Stocks in 2022

The mortgage lender has been hurt by a rough housing market.

Is Rocket Companies Stock a Buy?

Julie Booth to move from role as Chief Financial Officer and Treasurer to Strategic Advisor Angelo Vitale to transition from General Counsel and Secretary to "Of Counsel" role DETROIT , Oct. 3, 2022 /PRNewswire/ -- Rocket Companies (NYSE: RKT) today announced the retirements of Julie Booth, Chief Financial Officer (CFO) and Treasurer effective November 15, 2022, and Angelo Vitale, General Counsel and Secretary effective October 3, 2022. Both Booth and Vitale will remain with the company in strategic advisory roles.

Rocket Companies Announces Executive Leadership Changes

The bad news - current mortgage banking recession still could disappoint on the downside over the next year. But the bottom is in sight for the business.

Rocket Companies: Still Some Supply/Demand Downside, But Cheap - A Cautious Buy

United Wholesale Mortgage

These three real estate stocks are highly cyclical and have seen business slow down dramatically in 2022.

Mortgage Rates Are the Highest Since 2008: 3 Companies to Avoid

The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, -0.00 says it's got a plan to turn things around.

‘Some companies are closing their doors, others are shutting down divisions': Rocket CEO's plans to navigate the dramatic decline in mortgages

D.R. Horton

Rising interest rates are cooling off the U.S. housing market. The average interest rate on a 30-year mortgage, the most popular U.S. home loan, has risen to 6% for the first time since the 2008 financial crisis.

3 Housing Stocks to Sell Now

America's largest lender will now pay to lower homebuyers' interest rate for the first year of their mortgage DETROIT , Sept. 16, 2022 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced the launch of "Inflation Buster," an innovative new program giving homebuyers a reprieve by reducing their monthly mortgage payment one percentage point for the first year of their loan.

Rocket Mortgage's Inflation Buster Program Helps Homebuyers Tame Higher Costs Through a Lower Mortgage Payment

New mobile technology built on the Rocket Platform makes the mortgage process more accessible and convenient, with the capability to close a home loan on a smart phone from anywhere in the world DETROIT , Sept. 13, 2022 /PRNewswire/ --  Amrock, the nation's largest title insurance, property valuations and settlement services provider – and a part of Rocket Companies (NYSE: RKT) – today announced the introduction of proprietary technology to electronically close (eClose) mortgage transactions entirely from a mobile device.

Amrock Unveils Technology to Close Mortgages on Mobile Devices, Giving Consumers the Power to Complete a Home Loan from Anywhere

Enact Holdings

Discover

JPMorgan Chase analysts on Tuesday cut their ratings on three consumer finance companies after Federal Reserve Chairman Jerome Powell signaled the central bank's determination to continue hiking interest rates.

News for Rocket Companies, Inc. Stock (RKT)