Rocket's (RKT) higher-than-expected marketing and promotional expenses will impact Q1 earnings per share, Wedbush said in an earnings preview on Wednesday.
The firm reduced Rocket's Q1 EPS estimate to $0.02 from $0.12. Full year 2025 estimates were down to $0.38 from $0.54. Four analysts polled by FactSet expect $0.02 and $0.39 for Q1 and full year, respectively.
The firm said Rocket's valuation has come down over the past 12 months, narrowing the gap with Mr. Cooper (COOP). Currently, the valuation is calculated on the company's standalone EPS for now and will be switched to the enterprise value to adjusted earnings before interest, taxes, depreciation, and amortization multiple after the potential merger with Mr. Cooper closes.
Wedbush maintained its neutral rating on Rocket's stock with an unchanged $13 price target.
Price: 12.20, Change: -0.31, Percent Change: -2.44
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。