Rocket Companies (NYSE:RKT) Posts Earnings Results, Hits Estimates

Rocket Companies (NYSE:RKT) posted its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16, FiscalAI reports. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Rocket Companies had a return on equity of 4.30% and a net margin of 2.78%.The business’s quarterly revenue was up 91.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS.

Here are the key takeaways from Rocket Companies’ conference call:

• Record market-share gains despite a difficult housing market: Purchase share rose to 6.2% and refinance share to 14.3%, while adjusted revenue reached $2.8 billion, adjusted EBITDA margin expanded to 28%, and adjusted EPS increased to $0.16.
• Redfin, servicing, and AI are strengthening the platform: Redfin mortgage leads more than doubled year over year, its mortgage attach rate reached 47%, and loan officers are serving nearly 40% more clients with improved conversion. Rocket also said Voice AI handled more than one million servicing calls, resolving over half without specialist intervention.
• Integration synergies and financial flexibility are ahead of plan: Rocket realized $100 million of annualized Mr. Cooper expense synergies in the quarter and now expects approximately $500 million in total savings, including $100 million above its original target. Liquidity increased to $11.2 billion, while net corporate leverage fell to 0.9 times.
• Near-term housing conditions remain weak: Rising mortgage rates and worsening affordability led management to expect the third-quarter mortgage market to contract sequentially, with adjusted revenue guided to $2.5 billion-$2.7 billion. The company said the expected 2026 housing recovery has not materialized.

Rocket Companies Price Performance

RKT traded down $0.64 during trading on Thursday, reaching $13.22. 39,510,087 shares of the company traded hands, compared to its average volume of 28,111,756. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.37 and a current ratio of 4.37. Rocket Companies has a 12-month low of $12.17 and a 12-month high of $24.36. The firm has a fifty day simple moving average of $14.02 and a 200 day simple moving average of $15.48. The company has a market cap of $37.39 billion, a P/E ratio of 264.32 and a beta of 2.19.

Hedge Funds Weigh In On Rocket Companies

Several hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in Rocket Companies in the 4th quarter valued at $26,000. Acumen Wealth Advisors LLC bought a new position in shares of Rocket Companies during the 4th quarter valued at about $26,000. Private Capital Management LLC bought a new position in shares of Rocket Companies during the 3rd quarter valued at about $182,000. Newbridge Financial Services Group Inc. grew its position in shares of Rocket Companies by 875.0% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,950 shares of the company’s stock valued at $38,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Rocket Companies by 5,730.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,915 shares of the company’s stock valued at $56,000 after purchasing an additional 2,865 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RKT. Benchmark initiated coverage on shares of Rocket Companies in a research note on Monday, June 29th. They set a “buy” rating and a $21.00 target price on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $20.00 price objective on shares of Rocket Companies in a research report on Monday, May 11th. Morgan Stanley upgraded shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $19.00 in a research note on Thursday, July 16th. Barclays dropped their target price on shares of Rocket Companies from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Finally, BTIG Research reissued a “neutral” rating on shares of Rocket Companies in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.73.

Rocket Companies News Roundup

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Rocket reported second-quarter adjusted revenue of approximately $2.76 billion, up 91.9% from a year earlier, while adjusted net income reached $441 million and GAAP net income was $229 million. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: Second-quarter adjusted EPS was $0.16, matching expectations and improving from $0.04 in the prior-year period. Revenue growth was attributed in part to mortgage-market share gains. Rocket Companies Matches Q2 Earnings Estimates
• Neutral Sentiment: Unusually large options activity was reported in RKT, potentially increasing short-term volatility, but the item did not identify a clear directional trade. Rocket Companies Target of Unusually Large Options Trading
• Neutral Sentiment: RBC Capital maintained a Hold rating, offering no new bullish catalyst or material change to the investment view. RBC Capital Maintains Hold Rating
• Negative Sentiment: Adjusted revenue of $2.76 billion fell short of the roughly $2.81 billion consensus estimate, limiting the benefit of the EPS beat-or-meet and record operating results. Rocket Companies Q2 Figures Trail Estimates
• Negative Sentiment: Rocket’s third-quarter revenue outlook of $2.5 billion to $2.7 billion is below the approximately $2.9 billion analyst consensus, signaling potentially slower near-term momentum. Rocket Companies Misses Q2 Sales Expectations
• Negative Sentiment: Higher mortgage rates contributed to a 3.7% weekly decline in pending home sales, raising concerns about transaction volume and demand across Rocket’s housing-related businesses. Redfin Reports Pending Home Sales Decline

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.