Rocket Companies, Inc. Earnings logo

RKT

Rocket Companies, Inc. Earnings

$11.11

Earnings Summary

Revenue
$748.77Mn
Net Profits
$-22.01Mn
Net Profit Margins
-2.94%
Highlights
Revenue:

Rocket Companies, Inc.’s revenue fell -35.72% since last year same period to $748.77Mn in the Q3 2024. On a quarterly growth basis, Rocket Companies, Inc. has generated -34.86% fall in its revenue since last 3-months.

Net Profits:

Rocket Companies, Inc.’s net profit fell -454.67% since last year same period to $-22.01Mn in the Q3 2024. On a quarterly growth basis, Rocket Companies, Inc. has generated -1799.69% fall in its net profits since last 3-months.

Net Profit Margins:

Rocket Companies, Inc.’s net profit margin fell -651.74% since last year same period to -2.94% in the Q3 2024. On a quarterly growth basis, Rocket Companies, Inc. has generated -2709.14% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Rocket Companies, Inc. post its latest quarter earnings
EPS Estimate Current Quarter
0.08
EPS Estimate Current Year
0.08
Highlights
EPS Estimate Current Quarter:

Rocket Companies, Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.08 - a 60% jump from last quarter’s estimates.

EPS Estimate Current Year:

Rocket Companies, Inc.’s earning per share (EPS) estimates for the current year stand at 0.08.

Key Ratios

Key ratios of the Rocket Companies, Inc. post its Q3 2024 earnings
Earning Per Share (EPS)
0.08
Return on Assets (ROA)
0.01
Return on Equity (ROE)
-0.03
Highlights
Earning Per Share (EPS):

Rocket Companies, Inc.’s earning per share (EPS) jumped 78.17% since last year same period to 0.08 in the Q3 2024. This indicates that the Rocket Companies, Inc. has generated 78.17% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Rocket Companies, Inc.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Rocket Companies, Inc.’s return on equity (ROE) stands at -0.03.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2024-08-06
0.05
0.06
20%
2024-11-12
0.08
0.08
0%
2024-05-07
0.01
0.04
300%