BUZZ-Rocket Companies jumps after Q4 profit beats estimate

Reuters
28 Feb
BUZZ-<a href="https://laohu8.com/S/RKT">Rocket Companies</a> jumps after Q4 profit beats estimate

** Shares of Rocket Companies RKT.N jump 6.7% to $13.69 premarket

** Late-Thursday, mortgage lender's Q4 adjusted EPS beat analysts' estimate, while Q1 adjusted revenue forecast was largely below expectation

** BofA Global Research says RKT results were better-than-feared, following peer UWM Holdings' UWMC.N earnings earlier this week

** RKT says February has started to exceed its expectations and thinks 2025 will be better than 2024 amid green shoots in housing industry

** BofA Global Research reiterates "neutral" rating following Q1 forecast, says shares are likely to remain range-bound until more clarity emerges on which way rates will move

** Average rating of 14 analysts is "hold"; median PT is $13.50 - data compiled by LSEG

** Shares up 14% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10