Exploring Rocket Companies (RKT) Fundamental Analysis

By Naomi Wentworth • Friday, October 04 10:13 • Permanent Link

Rocket sank -5.6% today, compared to the S&P 500's day change of 0.0%. Today's losers may turn out to be tomorrow's winners, so be sure to check the stock's fundamentals before making an investment decision:

Rocket has moved 127.6% over the last year, and the S&P 500 logged a change of 32.3%
RKT has an average analyst rating of hold and is 9.78% away from its mean target price of $15.54 per share
Its trailing earnings per share (EPS) is $1.8
Rocket has a trailing 12 month Price to Earnings (P/E) ratio of 9.5 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $0.61 and its forward P/E ratio is 28.0
The company has a Price to Book (P/B) ratio of 3.63 in contrast to the S&P 500's average ratio of 4.74
Rocket is part of the Finance sector, which has an average P/E ratio of 20.04 and an average P/B of 1.86
RKT has reported YOY quarterly earnings growth of -82.5% and gross profit margins of 1.0%
The company has a free cash flow of $-1035710528, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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. It also offers Core Digital Media, a online marketing platform in the mortgage and personal financial product sectors; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rock Connections, a sales and support platform specializing in contact center services; and Rocket Innovation Studio that recruits and mentors top technology talent. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. The company operates as a subsidiary of Rock Holdings Inc.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.