Rocket Companies (RKT) Misses Q1 EPS by 4c, Net Revenue Misses

Rocket Companies (NYSE: RKT) reported Q1 EPS of $0.15, $0.04 worse than the analyst estimate of $0.19. Net revenue for the quarter came in at $1.9 billion versus the consensus estimate of $2.21 billion.

GUIDANCE:

Second Quarter 2022 Outlook

• Closed loan volume of between $35 billion and $40 billion.
• Net rate lock volume of between $31 billion and $38 billion.
• Gain on sale margins of 2.60% to 2.90%

For earnings history and earnings-related data on Rocket Companies (RKT) click here.

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