Rocket Companies Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Rocket Companies (NYSE:RKT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$748.8m (down 41% from 3Q 2023).
• Net loss: US$22.0m (down by 455% from US$6.21m profit in 3Q 2023).
• US$0.15 loss per share (down from US$0.048 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rocket Companies Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Rocket Companies that we have uncovered.

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