Overview
Homeownership platform's Q4 adjusted revenue beat analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company announced strategic alliance with Compass to expand housing inventory
Outlook
Rocket Companies expects Q1 2026 adjusted revenue between $2.6 bln and $2.8 bln
Company will reclassify warehouse interest on loans held for sale starting Q1 2026
Rocket Companies announces strategic alliance with Compass to expand housing inventory
Result Drivers
TECHNOLOGICAL ADVANCEMENTS - Launch of fully digital purchase pre-approvals increased conversion rates, supporting growth in mortgage origination
ACQUISITION INTEGRATION - Successful integration of Redfin and Mr. Cooper acquisitions realized significant cost synergies and expanded digital capabilities
Company press release: ID:nPnXwTNma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $2.69 bln | ||
Q4 Adjusted Revenue | Beat | $2.44 bln | $2.26 bln (10 Analysts) |
Q4 Adjusted EPS | Beat | $0.11 | $0.09 (12 Analysts) |
Q4 Adjusted Net Income | $316 mln | ||
Q4 Net Income | $68 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for Rocket Companies Inc is $22.00, about 26.9% above its February 25 closing price of $17.33
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 24 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)