Brief: Rocket Companies Q2 Adjusted EPS USD 0.04 Vs. IBES Estimate USD 0.03

Rocket Companies

31/07/2025 21:05

Overview

Rocket Q2 adjusted revenue beats analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, per LSEG data

Co completed acquisition of Redfin, showing positive early integration signs

Outlook

Rocket expects Q3 adjusted revenue between $1.600 bln and $1.750 bln

Company's Q3 outlook includes full quarter results from Redfin acquisition

Result Drivers

REDFIN INTEGRATION - Successful integration of Redfin has expanded Rocket's purchase funnel and improved conversion rates, according to CEO Varun Krishna

MORTGAGE VOLUME - Rocket Mortgage reported a 13% increase in net rate lock volume and an 18% increase in closed loan origination volume year-over-year

DIGITAL ENHANCEMENTS - New digital tools and AI features have improved efficiency and client service, boosting refinance client follow-ups by 20%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$1.36 bln
Q2 Adjusted Revenue
Beat
$1.34 bln
$1.28 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$0.04
$0.03 (10 Analysts)
Q2 Adjusted Net Income
$75 mln
Q2 Net Income
$34 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "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 $14.00, about 4.7% below its July 30 closing price of $14.66

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nPn9Q9lc6a

(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.)