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RKT Rocket Companies News Story

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Mortgage lender Rocket Companies 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

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$1.61 bln
Q3 Adjusted RevenueBeat$1.79 bln$1.68 bln (6 Analysts)
Q3 Adjusted EPSBeat$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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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