Rocket Companies (NYSE:RKT) Issues Quarterly Earnings Results

Rocket Companies (NYSE:RKT) announced its quarterly earnings results on Thursday. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16, FiscalAI reports. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. Rocket Companies’s quarterly revenue was up 91.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 Stock Down 4.6%

Shares of Rocket Companies stock opened at $13.22 on Friday. Rocket Companies has a 52-week low of $12.17 and a 52-week high of $24.36. The business’s 50 day simple moving average is $14.02 and its 200 day simple moving average is $15.48. The firm has a market cap of $37.39 billion, a PE ratio of 264.32 and a beta of 2.19. 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 News Roundup

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

• Positive Sentiment: Rocket reported strong Q2 operating growth: total revenue was $2.78 billion, adjusted revenue was $2.76 billion, and adjusted net income reached $441 million. Revenue increased 91.9% from the prior year, while EPS rose to $0.16 from $0.04. The earnings call also highlighted mortgage-market share gains. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: GAAP net income was $229 million, reinforcing that the company remained profitable during a challenging housing and mortgage environment. Rocket Companies Q2 2026 Earnings Call Transcript
• Neutral Sentiment: EPS of $0.16 matched Wall Street expectations and improved significantly from the year-ago quarter. However, adjusted revenue of $2.76 billion fell short of the approximately $2.81 billion consensus estimate, limiting the positive reaction to the earnings report. Rocket Companies Q2 Earnings Key Metrics
• Negative Sentiment: Rocket’s Q3 revenue outlook of $2.5 billion to $2.7 billion was below the roughly $2.9 billion analyst consensus. The cautious outlook suggests that management expects continued pressure from mortgage rates and housing-market activity. Rocket Companies Q2 Results Trail Estimates
• Negative Sentiment: Industry conditions remain unfavorable: Redfin reported that pending home sales fell 3.7% week over week to a five-month low as mortgage rates reached their highest level in nearly a year. Weaker transaction volume could reduce future mortgage-origination opportunities for Rocket. Redfin Pending Home Sales Report

Analyst Ratings Changes

RKT has been the topic of several analyst reports. Weiss Ratings raised shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their target price on Rocket Companies from $16.00 to $15.50 and set a “neutral” rating for the company in a research note on Monday, July 13th. Morgan Stanley raised shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $19.00 in a research note on Thursday, July 16th. Barclays cut their price target on Rocket Companies from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company decreased their target price on Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.73.

Institutional Investors Weigh In On Rocket Companies

Several large investors have recently made changes to their positions in the stock. ValueAct Holdings L.P. grew its stake in Rocket Companies by 55.1% in the 4th quarter. ValueAct Holdings L.P. now owns 39,380,652 shares of the company’s stock valued at $762,409,000 after buying an additional 13,985,025 shares during the last quarter. Morgan Stanley increased its position in shares of Rocket Companies by 461.2% in the fourth quarter. Morgan Stanley now owns 27,009,279 shares of the company’s stock worth $522,900,000 after purchasing an additional 22,196,782 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Rocket Companies by 11,636.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,189,869 shares of the company’s stock valued at $507,037,000 after purchasing an additional 25,966,725 shares in the last quarter. State Street Corp lifted its position in Rocket Companies by 323.9% during the fourth quarter. State Street Corp now owns 20,688,336 shares of the company’s stock worth $400,526,000 after purchasing an additional 15,807,776 shares during the period. Finally, Durable Capital Partners LP bought a new stake in Rocket Companies during the third quarter worth about $213,010,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

About Rocket Companies

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.