Latest news with #RKT
Yahoo
01-08-2025
- Business
- Yahoo
Rocket Companies (RKT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2025, Rocket Companies (RKT) reported revenue of $1.34 billion, up 3% over the same period last year. EPS came in at $0.04, compared to $0.06 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.25 billion, representing a surprise of +6.85%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.03. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Rocket Companies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Gain on sale of loans- Gain on sale of loans excluding fair value of MSRs, net: $472.38 million versus $437.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change. Revenue- Gain on sale of loans- Fair value of originated MSRs: $343.53 million versus $421.95 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change. Revenue- Loan servicing income- Servicing fee income: $401.28 million versus $410.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change. Revenue- Loan servicing income- Change in fair value of MSRs: $-198.89 million versus the three-analyst average estimate of $-279 million. The reported number represents a year-over-year change of +76.1%. Revenue- Other income: $309.34 million versus the three-analyst average estimate of $298.67 million. The reported number represents a year-over-year change of +14.9%. Revenue- Gain on sale of loans, net: $815.9 million versus the three-analyst average estimate of $860.09 million. The reported number represents a year-over-year change of +7.6%. Revenue- Loan servicing income, net: $202.39 million versus the three-analyst average estimate of $131.88 million. The reported number represents a year-over-year change of -16.3%. Revenue- Interest income, net: $32.62 million versus the three-analyst average estimate of $25.06 million. The reported number represents a year-over-year change of +4.8%. Revenue- Interest income- Interest income: $123.5 million versus $91.94 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.9% change. View all Key Company Metrics for Rocket Companies here>>> Shares of Rocket Companies have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rocket Companies, Inc. (RKT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-07-2025
- Business
- Yahoo
Reckitt Benckiser Group (LON:RKT) Will Pay A Dividend Of £0.844
The board of Reckitt Benckiser Group plc (LON:RKT) has announced that it will pay a dividend on the 18th of September, with investors receiving £0.844 per share. This makes the dividend yield 3.6%, which is above the industry average. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Reckitt Benckiser Group's Future Dividend Projections Appear Well Covered By Earnings If the payments aren't sustainable, a high yield for a few years won't matter that much. Based on the last payment, Reckitt Benckiser Group's profits didn't cover the dividend, but the company was generating enough cash instead. Given that the dividend is a cash outflow, we think that cash is more important than accounting measures of profit when assessing the dividend, so this is a mitigating factor. The next year is set to see EPS grow by 119.0%. If the dividend continues along recent trends, we estimate the payout ratio will be 53%, which would make us comfortable with the sustainability of the dividend, despite the levels currently being quite high. View our latest analysis for Reckitt Benckiser Group Reckitt Benckiser Group Has A Solid Track Record The company has a sustained record of paying dividends with very little fluctuation. The annual payment during the last 10 years was £1.39 in 2015, and the most recent fiscal year payment was £2.02. This works out to be a compound annual growth rate (CAGR) of approximately 3.8% a year over that time. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. Reckitt Benckiser Group's Dividend Might Lack Growth Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Reckitt Benckiser Group has impressed us by growing EPS at 37% per year over the past five years. While EPS is growing rapidly, Reckitt Benckiser Group paid out a very high 113% of its income as dividends. If earnings continue to grow, this dividend may be sustainable, but we think a payout this high definitely bears watching. Our Thoughts On Reckitt Benckiser Group's Dividend In summary, while it's always good to see the dividend being raised, we don't think Reckitt Benckiser Group's payments are rock solid. The company has been bring in plenty of cash to cover the dividend, but we don't necessarily think that makes it a great dividend stock. Overall, we don't think this company has the makings of a good income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. However, there are other things to consider for investors when analysing stock performance. For instance, we've picked out 3 warning signs for Reckitt Benckiser Group that investors should take into consideration. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
24-07-2025
- Business
- Wall Street Journal
Reckitt Benckiser Raises Outlook After Adjusted Profit Beats Expectations
Consumer-goods company Reckitt Benckiser RKT -0.04%decrease; red down pointing triangle reported market-beating adjusted profit as cost savings paid off and raised its full-year outlook. The U.K. company on Thursday said first-half adjusted operating profit, which strips out exceptional and other one-off items, rose 1.8% on year to 1.71 billion pounds ($2.32 billion). A company-provided market consensus forecast 1.66 billion pounds. Reckitt said the rise reflects efficiency improvements and early delivery of costs savings.
Yahoo
22-07-2025
- Business
- Yahoo
Rocket Companies (RKT) Soars on Day 4 Ahead of Q2 Earnings
We recently published . Rocket Companies, Inc. (NYSE:RKT) is one of Monday's biggest gainers. Rocket Companies grew its share prices for a fourth day on Monday, adding 7.51 percent to close at $15.04 apiece as investors loaded up positions ahead of the release of its second quarter earnings performance. In a statement last week, Rocket Companies, Inc. (NYSE:RKT) said it was set to announce its financial and operating highlights for the period on July 31, 2025. A conference call to discuss the results will be held at 4:30 PM Eastern Time. For the second quarter of the year, Rocket Companies, Inc. (NYSE:RKT) said it expected revenues to settle anywhere between $1.175 billion and $1.325 billion. In the first quarter, Rocket Companies, Inc. (NYSE:RKT) swung to a net loss of $212 million from a $291 million net income in the same period last year. A businessperson using a laptop to review the details of a mortgage loan for a client. Total revenues were also lower by 25 percent to $1.037 billion from $1.384 billion year-on-year. Investors will be closely watching out for Rocket Companies, Inc.'s (NYSE:RKT) updated outlook for the rest of the year following its successful acquisition of Redfin Corp. and Mr. Cooper Group Inc. While we acknowledge the potential of RKT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
10-07-2025
- Business
- Yahoo
Rocket Companies, Inc. (RKT): A Bull Case Theory
We came across a bullish thesis on Rocket Companies, Inc. on by Zipper. In this article, we will summarize the bulls' thesis on RKT. Rocket Companies, Inc.'s share was trading at $14.22 as of June 27th. RKT's trailing and forward P/E ratios were 711.00 and 55.25, respectively, according to Yahoo Finance. A close-up of a homeowner signing a mortgage document in a residential setting. Rocket Companies (RKT), the largest direct-to-consumer mortgage originator in the U.S., stands poised to benefit from multiple cyclical and structural tailwinds. Refinance originations, RKT's stronghold, are currently at trough levels, but with ~20% of U.S. mortgages bearing rates over 6%, the potential for a sharp rebound is high as interest rates decline. This positions RKT as a countercyclical opportunity in a slowing economy. The acquisition of Mr. Cooper's (COOP) servicing portfolio, expected to close in Q4 2025, provides RKT with a sizable base of refinance-ready borrowers, leveraging its industry-leading recapture rate. Management's conservative synergy guidance of 3.5% of pro forma net income could prove understated, with potential upside to 12% amid current rates. Coupled with the acquisition of Redfin (RDFN), which enhances RKT's ability to penetrate the less cyclical home purchase market via control of a leading listing platform, RKT's business becomes more diversified and less rate-sensitive. Pro forma, revenue will be split across originations (44%), servicing (28%), and personal finance, title, and other sources (28%), creating a more stable, higher multiple business. The combined deals also boost public float from ~7% to ~50%, paving the way for index inclusion and broader investor interest. Valuation reflects asymmetric upside: downside sits at ~$8.30/share (2x tangible book), while upside could reach $21.64/share with full synergy realization, and base case sits at $18/share by YE 2025. Risks include prolonged high rates and integration hurdles, but near-term catalysts—deal closings, synergy realization, and float expansion—offer a compelling investment case with substantial upside. Previously, we covered a bullish thesis on Rocket Companies, Inc. by Unemployed Value Degen in December 2024, which highlighted the company's potential to benefit from a home equity loan boom and its resilient servicing income. The company's stock price has appreciated by approximately 0.3% since our coverage. The thesis still stands. Zipper shares an identical thesis but emphasizes M&A-driven diversification and synergy realization. RKT isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of RKT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
