earnings
confidence high
sentiment positive
materiality 0.75
Rocket Companies Q3 adjusted revenue $1.323B beats guidance; GAAP net loss $481M
Rocket Companies, Inc.
2024-Q3 EPS reported
-$0.03
- Total revenue $647M; adjusted revenue $1.323B, up 32% YoY and above guidance high end.
- GAAP net loss $481M ($0.19 diluted loss per share); adjusted net income $166M ($0.08 EPS).
- Adjusted EBITDA $286M, highest in two years; closed loan origination volume $28.5B, up 28% YoY.
- Net rate lock volume $29.8B, up 43% YoY; gain on sale margin 2.78% vs 2.76% YoY.