RKT / Here's Why Rocket Is Struggling in the Current Mortgage Environment

While the top- and bottom-line numbers for Rocket Companies (RKT) give a sense of how the business performed in the quarter ended September 2023, it c more_horizontal

Rocket Companies, Inc. (NYSE:RKT ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Sharon Ng - VP, IR Varun Krishna more_horizontal

The Federal Reserve said interest rates would stay higher for longer, and existing home sales continued to fall. Mortgage rates rose during September, more_horizontal

Rocket Companies, Inc. has experienced a significant decline in sales and a small loss due to rising interest rates in 2022. The company went public i more_horizontal

Rocket reported higher earnings despite lower revenue and volumes. Rocket's operations are better suited for a refinance-friendly environment. more_horizontal

Although the revenue and EPS for Rocket Companies (RKT) give a sense of how its business performed in the quarter ended June 2023, it might be worth c more_horizontal

Rocket Companies (RKT) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss more_horizontal

The U.S. military plans to buy even more rocket launches from companies in the coming years than previously expected. more_horizontal