Rocket Companies Inc Ordinary Shares Class A
RKT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.&N | LOCK|nBqJ? | LOCK|z^k#T^F |
Rocket Companies Earnings: Decent Results but High Mortgage Rates Are Still a Headwind
Rocket's second-quarter results were slightly better than expected, but earnings are still depressed by low mortgage volume industrywide. Adjusted net revenue increased 9.1% from last year to $1.34 billion, and adjusted EPS dropped to $0.04 from $0.06 last year due to higher spending.
