Rocket Companies Q2 EPS $(0.02) Beats $(0.05) Estimate, Sales $1.24B Beat $983.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rocket Companies reported Q2 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.05) by 60%. The company also reported quarterly sales of $1.24 billion, surpassing the analyst consensus estimate of $983.18 million by 25.71%. However, this represents a decrease of 11.21% compared to the same period last year.
August 04, 2023 | 2:21 pm
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NEUTRAL IMPACT
Rocket Companies reported better than expected Q2 results, with EPS and sales beating estimates. However, sales decreased compared to the same period last year.
While Rocket Companies beat Q2 estimates, the decrease in sales compared to the same period last year might offset the positive impact of the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100