Rocket Companies Inc Ordinary Shares Class A
RKT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.# | LOCK|>?S#$ | LOCK|$?#v<^d? |
Rocket Companies: Lower Mortgage Rates Drive a Limited Recovery in Origination Volume and Revenue
Rocket reported decent third-quarter results with adjusted net revenue rising to $1.78 billion from $1.32 billion last year. Adjusted EPS, on the other hand, was $0.07 compared with $0.08 last year, due to higher expenses and interest costs from the acquisitions of Redfin and Mr. Cooper Group.
