Rocket Companies Q4 Adj EPS $0.00 Beats $(0.04) Estimate, Adj Sales $885.00M Beat $769.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rocket Companies (NYSE:RKT) reported Q4 adjusted earnings of $0.00 per share, surpassing the analyst consensus estimate of $(0.04) by 102.5%. This represents a 101% increase from the adjusted losses of $(0.10) per share in the same period last year. The company also reported adjusted sales of $885.00 million, beating the consensus estimate of $769.00 million by 15.08%, and marking a 29.58% increase from $683.00 million in the same period last year.
February 22, 2024 | 9:08 pm
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Rocket Companies reported Q4 adjusted earnings of $0.00 per share, beating estimates, and adjusted sales of $885.00 million, also above expectations.
Beating both earnings and sales estimates significantly, especially with a 101% increase in EPS from the previous year and a 29.58% increase in sales, indicates strong performance and positive investor sentiment. This is likely to lead to a short-term positive impact on RKT's stock price.
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