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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Rocket Companies, Inc.

Rocket Cos., Inc. engages in the provision of a suite of services related to homeownership and other personal financial transactions. It operates through the following segments: Direct to Consumer and Partner Network. The Direct to Consumer segment consists of performance marketing and direct engagement through the Rocket Mortgage App. The Partner Network Segment focuses on partnerships with premier consumer-focused organizations, brokers and mortgage professionals who leverage the platform and scale to provide mortgage solutions to clients. The company was founded by Daniel Gilbert in 1985 and is headquartered in Detroit, MI.

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Rocket Companies reports solid Q4 performance amidst market challenges

Rocket Companies navigated challenges in 2022 with resilience, focusing on client engagement and strategic investments to drive growth and enhance market position.
Despite margin impacts in Q4, the company remains optimistic about the mortgage industry outlook, leveraging opportunities in the purchase market and consumer engagement for future success.
With a strong emphasis on client experience and retention, Rocket Companies aims to capitalize on market shifts and strategic initiatives to drive revenue growth and market share expansion.

Rocket Companies reports strong Q1 results and eyes mortgage market

Rocket Companies delivered strong Q1 results and is focused on enhancing the home buying experience through innovative initiatives and client engagement.
Despite challenges in home inventory levels and industry capacity, Rocket's financial strength and unique client approach position them well for growth.
The company's strategic outlook for Q2 revenue, emphasis on client relationships, and opportunities in the mortgage space highlight its resilience and growth potential.

Rocket Companies reports robust Q2 earnings amidst market challenges

Rocket Companies delivered strong financial performance in Q2, focusing on growth, cost-saving measures, and client satisfaction. Despite market challenges, they are optimistic about opportunities in the purchase-driven origination market and potential benefits from new regulations.

Rocket Companies, Inc. reports robust Q3 earnings amidst Q4 challenges

Rocket Companies, Inc. demonstrated strong financial performance in Q3 but anticipates challenges in Q4. Despite margin pressures and industry conditions, Rocket's strategic focus on growth, efficiency, and market positioning bode well for future opportunities and resilience in the market.

Rocket Companies posts strong Q4 results, eyes AI growth opportunities

Rocket Companies delivered robust financial performance in Q4 2023, showcasing revenue growth, expense management, and a focus on core business and home ownership.
The company's strengths lie in its strong balance sheet, innovative products, and strategic positioning in servicing and customer acquisition.
Challenges include industry dynamics, regulatory pressures, and the need for sustained growth amidst market uncertainties.
Opportunities for Rocket include AI-driven enhancements, margin improvements, and strategic investments in marketing and customer retention.

Rocket Companies reports robust Q1 results and AI-driven growth

Rocket Companies, Inc. delivered strong Q1 financial performance with a focus on market share growth, operational efficiencies, and AI-driven innovations.
Challenges include maintaining margins amid rising rates and competition in the servicing asset market, but opportunities lie in volume growth and AI differentiation.
Overall, Rocket's strategic initiatives position it well for continued growth and market share expansion in the mortgage industry.

Rocket Companies exceeds Q2 revenue targets, focuses on AI growth

Rocket Companies delivered strong financial results, exceeding revenue guidance and showcasing growth in market share and efficiency.
Their strategic focus on AI investments and operational efficiency bodes well for future profitability and market expansion.
While facing industry challenges, Rocket Companies remains optimistic and committed to driving growth through innovation and strategic initiatives.

Rocket Companies exceeds Q3 revenue, eyes growth amid market challenges

Rocket Companies delivered strong financial results in Q3 2024, exceeding revenue guidance and showcasing growth in market share. The company's focus on efficiency through AI-driven technology and strategic partnerships enhances its competitive position. Despite market challenges, Rocket remains optimistic about future growth and market opportunities.

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Trex

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The U.S. economy experienced an unprecedented disruption over the past few years. Many sectors were caught up in the sudden stoppage of the economy in 2020, followed by an incredible boom thereafter.

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If we follow the common wisdom, the Federal Reserve raised interest rates in what could be its last major action against inflation, which would then make stocks to sell in a hawkish environment seem completely irrelevant. For what it's worth, I hope that this list of publicly traded enterprises to watch out for ages like milk.

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While no one invests in the capital markets to lose money, you can suffer the same result if you don't heed the warnings of stocks to dump fast before they tank your portfolio. True, this topic generates discomfort and usually anger.

Dump These 7 Stocks Fast Before They Tank Your Portfolio

The headline numbers for Rocket Companies (RKT) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Rocket Companies (RKT) Q1 Earnings: A Look at Key Metrics

Start Time: 16:30 January 1, 0000 5:18 PM ET Rocket Companies, Inc. (NYSE:RKT ) Q1 2023 Earnings Conference Call May 04, 2023, 16:30 PM ET Company Participants Jay Farner - CEO Bill Emerson - Director Brian Brown - CFO and Treasurer Sharon Ng - VP, IR Conference Call Participants Ryan Nash - Goldman Sachs Kevin Barker - Piper Sandler Richard Shane - JPMorgan Donald Fandetti - Wells Fargo Kevin Kaczmarek - Zelman & Associates Operator Good afternoon. My name is David, and I'll be your conference operator today.

Rocket Companies, Inc. (RKT) Q1 2023 Earnings Call Transcript

Rocket Companies (RKT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.15 per share a year ago.

Rocket Companies (RKT) Reports Q1 Loss, Misses Revenue Estimates

Generated Q1'23 net revenue of $666 million and adjusted revenue of $882 million. Adjusted revenue exceeded the high end of guidance range Reached 27.6 million Rocket Accounts1 across our ecosystem, as of March 31, 2023 Launched BUY+ and SELL+ purchase initiative, a collaboration between Rocket Homes and Rocket Mortgage, to help homebuyers and homeowners transact with ease Unveiled Rocket Visa Signature Credit Card, the first credit card designed to make home buying more accessible and homeownership easier through everyday spending As previously announced on February 13, 2023, Bill Emerson, Board Director of Rocket Companies and Vice Chairman of Rock Holdings, has been appointed to serve as interim CEO effective June 1 DETROIT , May 4, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced results for the quarter ended March 31, 2023.

Rocket Companies Announces First Quarter 2023 Results

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With the broader equity indices struggling for traction, rising recession fears brings the glaring spotlight back on so-called real estate bubble stocks. Due to the unique circumstance underlying the Covid-19 crisis and subsequent governmental response, housing prices skyrocketed.

7 Stocks That Will Get Pummeled When the Real Estate Bubble Pops

Rocket Companies (RKT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Rocket Companies (RKT) to Report a Decline in Earnings: What to Look Out for

DETROIT , April 21, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced the Company will issue its first quarter 2023 earnings on May 4, 2023. Leadership will host a conference call to discuss results at 4:30 p.m.

Rocket Companies to Announce First Quarter 2023 Results on May 4

RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), ("RESAAS" or the "Company"), a leading provider of technology solutions for the Real Estate Industry, has announced a preliminary partnership with Rocket Mortgage Canada.

RESAAS Enters into Partnership with Rocket Mortgage Canada

Homebuyers will receive up to $10,000 toward closing costs when using Rocket Mortgage along with a Rocket Homes Partner Agent DETROIT , April 3, 2023 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced BUY+ , a collaboration with sister company Rocket Homes that keeps cash in consumer's pockets. Clients who obtain purchase financing from Rocket Mortgage and find a home with the help of a Rocket Homes Partner Real Estate Agent, will receive a credit equal to 1.5% of their loan amount to put toward closing costs, helping relieve some of the upfront cost of buying a home.

It Takes Two: Homebuyers Save Big with New Offer from Rocket Mortgage and Rocket Homes

Cardholders can earn 5% back toward a down payment or 2% toward their mortgage principal balance with Rocket Mortgage DETROIT , March 28, 2023 /PRNewswire/ -- Rocket Companies, Inc . (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today unveiled the Rocket Visa Signature Card , the first credit card created to make homebuying easier and more accessible through everyday spending.

Swipe or Tap Your Way To A Home: New Rocket Visa Signature Card Is The First Credit Card Designed with Homeownership in Mind

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Peruse the Internet for investment guidance and you're likely to hear the adage that you shouldn't consider stocks to sell when faced with volatility. Rather, you should buy up assets and securities when there's blood on the streets.

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UWM is best poised to succeed in the current purchase-driven market. The mortgage business is at the bottom of the cycle right now.

Here's Why UWM Believes Brokers Are Better

Rocket is better suited for a refinance environment. Rocket is adding new products to its ecosystem.

Here's What Rocket Is Doing About the Mortgage Meltdown

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Due to a combination of macroeconomic challenges and affordability constraints, investors should be aware of the real estate stocks to avoid. Admittedly, the contrarian narrative initially seems compelling.

7 Real Estate Stocks to Avoid as the Market Flip-Flops

Company launches second special purpose credit program in three months by offering new Freddie Mac program offering $3,000 to use toward a down payment for those buying in underrepresented communities DETROIT , March 7, 2023 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and part of Rocket Companies (NYSE: RKT), is the first national lender to offer Freddie Mac's BorrowSmart Access SM program. The program offers a $3,000 credit for first time homebuyers to use toward their down payment – helping to reduce the largest hurdle to homeownership, especially in underserved communities.

Rocket Mortgage Further Expands Affordable Homebuying Options with New BorrowSmart Access

Generated Full Year 2022 revenue of $5.8 billion and net income of $700 million Reached 25.4 million Rocket Accounts1 across our ecosystem, as of December 31, 2022 Rocket Rewards, our loyalty program, grew its user base to 1 million clients DETROIT , Feb. 28, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced results for the quarter and full year ended December 31, 2022. "Last year marked a period of transformation for Rocket.

Rocket Companies Announces Fourth Quarter and Full Year 2022 Results

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With major economic weakness possibly lurking around the corner, investors should consider targeting stocks to sell. Specifically, market participants should note securities that feature rising short borrow fees.

7 Stocks to Sell as Borrowing Costs Rise

The final step in Lendesk's end-to-end digital mortgage experience saves time and adds a layer of security for both Canadian mortgage brokers and lenders VANCOUVER, BC , Feb. 15, 2023 /PRNewswire/ -- Lendesk Technologies, the premier FinTech provider for Canada's mortgage professionals, and a part of Rocket Companies (NYSE: RKT), today announced a partnership with Intellifi, a provider of end-to-end digital lending solutions, and Strive, a trusted CMHC approved residential mortgage lender. Through the first-of-its-kind collaboration, Lendesk will streamline the lending experience for Canadian mortgage professionals – brokers and lenders alike.

Lendesk Automates Loan Document Submission Through Partnerships with Tech Provider Intellifi and Mortgage Lender Strive

DETROIT , Feb. 14, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced the Company will issue its fourth quarter and full year 2022 earnings on February 28, 2023. Leadership will host a conference call to discuss results at 4:30 p.m.

Rocket Companies to Announce Fourth Quarter and Full Year 2022 Results on February 28

Shares of Rocket Companies Inc. RKT, -3.08% slumped 4.5% toward a seventh-straight decline in premarket trading Monday, after the mortgage, real estate and financial services company said Chief Executive Jay Farner will retire after a 27-year career at the company. The company said when the retirement becomes effective, on June 1, Bill Emerson will assume the CEO role on an interim basis.

Rocket Companies stock falls toward 7th-straight loss as CEO Jay Farner to retire after 27 years with company

Jay Farner to Retire  June 1, 2023, After 27 Years with Company Longtime Rocket Executive Bill Emerson Named  Interim CEO, Emerson Served 15 Years as Farner's Immediate Predecessor Rocket Initiates Search for Permanent Successor DETROIT , Feb. 13, 2023 /PRNewswire/ -- Rocket Companies (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses, including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, today announced that following a 27-year career at the Company, Chief Executive Officer Jay Farner plans to retire from his position effective June 1, 2023. At that time, Bill Emerson, longtime Rocket executive and current Vice Chairman of Rock Holdings, will assume the role of Chief Executive Officer on an interim basis.

Rocket Companies Announces CEO Transition Plan

Rocket Companies (RKT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

News for Rocket Companies, Inc. Stock (RKT)