Rocket Companies Past Earnings Performance
Past criteria checks 0/6
Rocket Companies's earnings have been declining at an average annual rate of -15.5%, while the Diversified Financial industry saw earnings growing at 8.3% annually. Revenues have been declining at an average rate of 10.7% per year.
Key information
-15.5%
Earnings growth rate
-62.9%
EPS growth rate
| Diversified Financial Industry Growth | 6.1% |
| Revenue growth rate | -10.7% |
| Return on equity | -4.7% |
| Net Margin | -0.4% |
| Next Earnings Update | 02 May 2024 |
Recent past performance updates
Recent updates
Rocket Companies Is Materially Overpriced Considering The Interest Rate Outlook
Mar 28Rocket Companies: Market Share Gains Support A Positive Outlook
Mar 20Rocket Mortgage: Housing Market Recovery Creates Potential Opportunity
Oct 17Rocket Companies: Stabilization, Albeit At Very Low Levels
Sep 18Rocket Companies: Weak Near-Term Performance Puts Pressure On The Stock
Jul 11Rocket Recovery With Expected Increase In Home Buying
Jul 03Rocket Companies' Platform Is Strong; Depends On Interest Rate/Mortgage Convexity
Jun 09Rocket Companies Hunkers Down For Worsening Real Estate Contraction
Jan 13Rocket Companies marginally up as CEO buys $600K shares
Dec 15Rocket Companies stock drops 11% as Argus cuts to Hold on concerns over recent deals
Nov 16These Analysts Just Made An Incredible Downgrade To Their Rocket Companies, Inc. (NYSE:RKT) EPS Forecasts
Nov 06
Rocket Companies Q3 Earnings Preview - Quantitative Analysis
Oct 31Rocket Companies: Still Some Supply/Demand Downside, But Cheap - A Cautious Buy
Sep 30Some Rocket Companies, Inc. (NYSE:RKT) Analysts Just Made A Major Cut To Next Year's Estimates
Aug 09Rocket Companies: Shares Look To Keep Rebounding Off The June Low
Aug 08Hold: Rocket Companies Is Far From Its Doomsday
May 18Downgrade: Here's How Analysts See Rocket Companies, Inc. (NYSE:RKT) Performing In The Near Term
May 12Is Rocket Companies Stock A Buy Or Sell After Recent Earnings? We're Bullish Into Low Expectations
Mar 03Rocket Companies Focuses On Revenue Diversification
Dec 23Rocket Companies: Uncertainties In Revenue Growth
Nov 08Rocket Companies - Not Rocking, But Good Enough
Aug 18WestRock (RKT) Presents At Deutsche Bank Conference - Slideshow
Jun 16Rocket Mortgage stock gets Buy rating at Argus, Neutral at Piper
Jun 08These Analysts Think Rocket Companies, Inc.'s (NYSE:RKT) Sales Are Under Threat
May 08Revenue & Expenses BreakdownBeta
How Rocket Companies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 4,006 | -16 | 3,797 | 0 |
| 30 Sep 23 | 3,751 | -23 | 3,852 | 0 |
| 30 Jun 23 | 3,833 | -22 | 3,956 | 0 |
| 31 Mar 23 | 3,988 | -26 | 4,173 | 0 |
| 31 Dec 22 | 6,005 | 46 | 4,650 | 0 |
| 30 Sep 22 | 8,137 | 112 | 5,184 | 0 |
| 30 Jun 22 | 9,984 | 181 | 5,599 | 0 |
| 31 Mar 22 | 11,281 | 238 | 5,793 | 0 |
| 31 Dec 21 | 13,176 | 308 | 5,790 | 0 |
| 30 Sep 21 | 15,290 | 400 | 5,817 | 0 |
| 30 Jun 21 | 16,788 | 383 | 5,665 | 0 |
| 31 Mar 21 | 19,097 | 322 | 5,600 | 0 |
| 31 Dec 20 | 15,896 | 198 | 5,241 | 0 |
| 30 Sep 20 | 13,105 | 58 | 4,784 | 0 |
| 30 Jun 20 | 10,074 | 0 | 4,400 | 0 |
| 31 Mar 20 | 6,003 | 299 | 3,936 | 0 |
| 31 Dec 19 | 5,204 | 0 | 3,673 | 0 |
| 31 Dec 18 | 4,309 | 0 | 3,174 | 0 |
| 31 Dec 17 | 4,253 | 771 | 3,015 | 0 |
Quality Earnings: RKT is currently unprofitable.
Growing Profit Margin: RKT is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RKT is unprofitable, and losses have increased over the past 5 years at a rate of 15.5% per year.
Accelerating Growth: Unable to compare RKT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RKT is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (9.9%).
Return on Equity
High ROE: RKT has a negative Return on Equity (-4.7%), as it is currently unprofitable.