In This Article:
Rocket Companies (NYSE:RKT) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$748.8m (down 41% from 3Q 2023).
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Net loss: US$22.0m (down by 455% from US$6.21m profit in 3Q 2023).
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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
You still need to take note of risks, for example - Rocket Companies has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.