Mortgage lender Rocket Companies Q3 adjusted revenue beats expectations

Reuters10-31
Mortgage lender <a href="https://laohu8.com/S/RKT">Rocket Companies</a> Q3 adjusted revenue beats expectations

Overview

  • Rocket Companies Q3 adjusted revenue beats analyst expectations

  • Adjusted EPS for Q3 exceeds analyst estimates

  • Company completes acquisition of Mr. Cooper Group, enhancing market position

Outlook

  • Company expects Q4 2025 adjusted revenue between $2.1 bln and $2.3 bln

Result Drivers

  • MORTGAGE ORIGINATION - Co reports 14% increase in closed mortgage loan origination volume compared to prior year

  • MR. COOPER ACQUISITION - Completion of Mr. Cooper acquisition enhances Rocket's market position

  • AI INTEGRATION - Launch of AI-powered tools boosts loan officer productivity and client engagement

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$1.61 bln

Q3 Adjusted Revenue

Beat

$1.79 bln

$1.68 bln (6 Analysts)

Q3 Adjusted EPS

Beat

$0.07

$0.04 (8 Analysts)

Q3 Adjusted Net Income

$158 mln

Q3 Net Income

-$124 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the financial technology (fintech) peer group is "buy."

  • Wall Street's median 12-month price target for Rocket Companies Inc is $19.50, about 16.7% above its October 29 closing price of $16.24

Press Release: ID:nPnlkjHya

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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