Q1 Earnings Estimate for Rocket Companies Issued By Wedbush

Rocket Companies, Inc. (NYSE:RKT) – Equities researchers at Wedbush raised their Q1 2025 earnings estimates for shares of Rocket Companies in a research report issued to clients and investors on Tuesday, March 4th. Wedbush analyst J. Mccanless now anticipates that the company will earn $0.11 per share for the quarter, up from their previous forecast of $0.10. Wedbush has a “Neutral” rating and a $13.00 price target on the stock. The consensus estimate for Rocket Companies’ current full-year earnings is $0.15 per share. Wedbush also issued estimates for Rocket Companies’ FY2026 earnings at $0.62 EPS.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada reduced their target price on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered their price objective on Rocket Companies from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Bank of America upped their price objective on Rocket Companies from $14.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, November 14th. Morgan Stanley lowered their price objective on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. Finally, UBS Group upgraded Rocket Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $12.50 to $11.50 in a research note on Friday, January 10th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.83.

Rocket Companies Price Performance

NYSE:RKT opened at $15.76 on Friday. The stock has a market cap of $31.43 billion, a P/E ratio of -98.47 and a beta of 2.39. Rocket Companies has a one year low of $10.06 and a one year high of $21.38. The company has a fifty day moving average price of $12.41 and a 200 day moving average price of $15.02. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47.

Hedge Funds Weigh In On Rocket Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RKT. Vanguard Group Inc. grew its position in Rocket Companies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 12,520,074 shares of the company’s stock valued at $140,976,000 after purchasing an additional 431,054 shares in the last quarter. Boston Partners grew its holdings in shares of Rocket Companies by 29.8% in the 4th quarter. Boston Partners now owns 12,313,780 shares of the company’s stock valued at $138,673,000 after acquiring an additional 2,829,292 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Rocket Companies by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 8,161,979 shares of the company’s stock valued at $91,904,000 after acquiring an additional 174,978 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Rocket Companies by 52.7% during the fourth quarter. Nuveen Asset Management LLC now owns 8,122,148 shares of the company’s stock worth $91,455,000 after acquiring an additional 2,804,090 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Rocket Companies by 174.5% during the fourth quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company’s stock valued at $52,980,000 after purchasing an additional 2,990,837 shares during the last quarter. 4.59% of the stock is owned by institutional investors and hedge funds.

Rocket Companies Company Profile

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.