Rocket Companies beats Q1 adjusted revenue, profit estimates

Rocket Companies

07/05/2026 21:36

Overview

U.S. mortgage platform's Q1 adjusted revenue rose, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company cites AI and tech integration, plus acquisition synergies, as drivers of growth

Outlook

Company expects Q2 2026 adjusted revenue between $2.7 bln and $2.9 bln

Result Drivers

AI AND TECH INTEGRATION - Co said AI prospecting and new technology tools increased loan officer productivity and conversion rates, adding $1 bln in volume per month

ACQUISITION SYNERGIES - Integration of Mr. Cooper acquisition progressing ahead of schedule, with $400 mln in expense synergies expected by end of 2026, one year earlier than planned

PRODUCT MIX SHIFT - Home equity and jumbo loans more than doubled year-over-year, reflecting strong demand for higher margin mortgage products

Company press release: ID:nPn32FHS8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$2.94 bln
Q1 Adjusted Revenue
Beat
$2.82 bln
$2.79 bln (8 Analysts)
Q1 Adjusted EPS
Beat
$0.15
$0.12 (10 Analysts)
Q1 Adjusted Net Income
$422 mln
Q1 Net Income
$297 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $20.00, about 36.5% above its May 6 closing price of $14.65

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)