Rocket Companies (NYSE:RKT) Releases Earnings Results, Meets Estimates

Rocket Companies (NYSE:RKT) released its earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16, FiscalAI reports. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. Rocket Companies had a return on equity of 5.50% and a net margin of 4.70%.Rocket Companies’s quarterly revenue was up 91.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Here are the key takeaways from Rocket Companies’ conference call:

• Record market-share gains despite a difficult housing market: Purchase share rose to 6.2% and refinance share to 14.3%, while adjusted revenue reached $2.8 billion, adjusted EBITDA margin expanded to 28%, and adjusted EPS increased to $0.16.
• Redfin, servicing, and AI are strengthening the platform: Redfin mortgage leads more than doubled year over year, its mortgage attach rate reached 47%, and loan officers are serving nearly 40% more clients with improved conversion. Rocket also said Voice AI handled more than one million servicing calls, resolving over half without specialist intervention.
• Integration synergies and financial flexibility are ahead of plan: Rocket realized $100 million of annualized Mr. Cooper expense synergies in the quarter and now expects approximately $500 million in total savings, including $100 million above its original target. Liquidity increased to $11.2 billion, while net corporate leverage fell to 0.9 times.
• Near-term housing conditions remain weak: Rising mortgage rates and worsening affordability led management to expect the third-quarter mortgage market to contract sequentially, with adjusted revenue guided to $2.5 billion-$2.7 billion. The company said the expected 2026 housing recovery has not materialized.

Rocket Companies Price Performance

Shares of RKT stock opened at $13.63 on Friday. The firm has a market cap of $38.57 billion, a P/E ratio of 97.36 and a beta of 2.19. Rocket Companies has a fifty-two week low of $12.17 and a fifty-two week high of $24.36. The business’s 50 day moving average price is $14.00 and its 200-day moving average price is $15.47. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.37 and a current ratio of 4.37.

Rocket Companies News Summary

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Rocket reported second-quarter adjusted revenue of $2.76 billion and GAAP net income of $229 million, while adjusted net income reached $441 million. Earnings of $0.16 per share matched expectations and improved from $0.04 a year earlier. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: Management highlighted record mortgage-market-share gains and greater efficiency from artificial intelligence, which helped offset weakness in the broader housing market. Revenue increased approximately 92% year over year. RKT Q2 Earnings Match, Revenues Miss Amid Housing Weakness

Institutional Trading of Rocket Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new stake in Rocket Companies in the third quarter worth $124,000. Caitong International Asset Management Co. Ltd raised its holdings in Rocket Companies by 408.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 3,990 shares of the company’s stock worth $77,000 after purchasing an additional 3,206 shares in the last quarter. Wexford Capital LP purchased a new position in Rocket Companies during the third quarter valued at $131,000. Morse Asset Management Inc purchased a new position in Rocket Companies during the third quarter valued at $148,000. Finally, Larson Financial Group LLC lifted its position in Rocket Companies by 856.9% during the third quarter. Larson Financial Group LLC now owns 3,904 shares of the company’s stock valued at $76,000 after buying an additional 3,496 shares during the period. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Analyst Upgrades and Downgrades

RKT has been the topic of several research reports. BTIG Research reissued a “neutral” rating on shares of Rocket Companies in a research note on Tuesday, June 16th. Benchmark cut their price objective on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday. Stephens reduced their target price on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Rocket Companies from $15.50 to $14.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.87.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.