RKT Stock Recent News

Rocket Companies is expecting a stronger operating environment in 2025 with the potential relief in mortgage rates creating a tailwind. Rocket Companies is ready to capitalize on the tailwind as shown by the company's excellent growth momentum and execution ability. Considering the growth, Rocket Companies' valuation is attractive.

The market's machine is all connected to one simple theme: the level of volatility in the current environment. When volatility is on the rise, fear starts to spread across participants, from individual investors to systematic funds that rely on algorithms to shift and balance their positions.

Rocket Companies, Inc. (NYSE:RKT ) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Sharon Ng - Head of Investor Relations Varun Krishna - Chief Executive Officer Brian Brown - Chief Financial Officer Conference Call Participants Jeff Adelson - Morgan Stanley Ryan McKeveny - Zelman Ryan Nash - Goldman Sachs Mark DeVries - Deutsche Bank Derek Sommers - Jefferies Doug Harter - UBS Operator Hello, and welcome to the Rocket Companies Inc. Fourth Quarter and Full-Year 2024 earnings call. All lines have been placed on mute to prevent any background noise.

While the top- and bottom-line numbers for Rocket Companies (RKT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Rocket Companies (RKT) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a year ago.

Generated Q4'24 total revenue, net of $1.8 billion and adjusted revenue of $1.2 billion. Adjusted revenue came in at the high end of our guidance range Reported Q4'24 GAAP net income of $649 million, or $0.23 GAAP diluted earnings per share and adjusted net income of $85 million, or $0.04 adjusted diluted earnings per share Reported full year 2024 total revenue, net of $5.1 billion and adjusted revenue of $4.9 billion, representing 34% and 30% growth, respectively, year-over-year Reported full year 2024 GAAP net income of $636 million, or $0.21 GAAP diluted earnings per share and adjusted net income of $456 million, or $0.23 adjusted diluted earnings per share Delivered full year adjusted EBITDA of $862 million DETROIT , Feb. 27, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and personal finance businesses, today announced results for the fourth quarter and full y

Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate

DETROIT , Feb. 24, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that Chief Executive Officer Varun Krishna will participate in a fireside chat at the 2025 Morgan Stanley Technology, Media & Telecom Conference at the Palace Hotel in San Francisco, on Monday, March 3, at 3:20 p.m. PT (6:20 p.m.

RocketRentRewards is the first offer in the mortgage industry to provide up to $5,000 in closing cost credits for rent payments DETROIT , Feb. 18, 2025 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today introduced RocketRentRewards – the homeownership industry's first offer to provide closing cost credits for renters. With a Rocket mortgage, homebuyers earn 10% back on the last 12 months of rental payments – receiving up to $5,000 in lender credits toward closing costs.

There have been recent developments in the real estate sector guiding investors to become fearful of investing in stocks related to the space. However, not all stocks may be exposed to this level of downside risk in the housing market, as some do carry better risk-to-reward setups behind them, and where today's opportunity for value and momentum investors comes from.