Rocket Companies (RKT) Reports In-Line Q1 EPS, Offers Q2 Guidance

Rocket Companies (NYSE: RKT) reported Q1 EPS of $0.89, in-line with the analyst estimate of $0.89. Revenue for the quarter came in at $4.04 billion versus the consensus estimate of $3.98 billion.

Second Quarter 2021 Outlook We expect the following ranges in Q2 2021:

• Closed loan volume of between $82.5 billion and $87.5 billion.
• Net rate lock volume of between $81.5 billion and $88.5 billion.
• Gain on sale margins of 2.65% to 2.95%.

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

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