Rocket Companies Inc Ordinary Shares Class A
RKT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.lB | LOCK|#&sX | LOCK|#j%xLYf$ |
Rocket Companies: Higher Mortgage Rates Are a Headwind as Revenue Decreases Sequentially
Rocket reported somewhat disappointing earnings as rising mortgage rates pressured mortgage originators industrywide. Adjusted revenue was $2.76 billion, down sequentially from $2.94 billion last quarter, despite the spring selling season. Diluted earnings per share were $0.08.
