Wedbush Forecasts Rocket Companies’ Q2 Earnings (NYSE:RKT)

Rocket Companies, Inc. (NYSE:RKT) – Research analysts at Wedbush dropped their Q2 2025 earnings per share (EPS) estimates for shares of Rocket Companies in a report issued on Tuesday, March 4th. Wedbush analyst J. Mccanless now expects that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.12. Wedbush currently has a “Neutral” rating and a $13.00 target price on the stock. The consensus estimate for Rocket Companies’ current full-year earnings is $0.15 per share. Wedbush also issued estimates for Rocket Companies’ Q3 2025 earnings at $0.12 EPS and FY2025 earnings at $0.47 EPS.

A number of other analysts have also recently issued reports on RKT. JPMorgan Chase & Co. reduced their price objective on shares of Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on shares of Rocket Companies from $10.50 to $12.00 and gave the company an “underperform” rating in a research note on Monday. Morgan Stanley reduced their target price on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. UBS Group upgraded shares of Rocket Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $12.50 to $11.50 in a research report on Friday, January 10th. Finally, Piper Sandler reduced their price objective on Rocket Companies from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, Rocket Companies currently has a consensus rating of “Hold” and an average price target of $13.83.

Rocket Companies Stock Performance

Shares of RKT opened at $14.84 on Thursday. The business has a 50-day simple moving average of $12.31 and a two-hundred day simple moving average of $15.05. The stock has a market cap of $29.61 billion, a price-to-earnings ratio of -92.77 and a beta of 2.43. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies has a 52 week low of $10.06 and a 52 week high of $21.38.

Hedge Funds Weigh In On Rocket Companies

Several hedge funds have recently bought and sold shares of RKT. Capital Performance Advisors LLP bought a new position in shares of Rocket Companies in the third quarter worth about $39,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Rocket Companies in the 4th quarter worth $47,000. KBC Group NV raised its holdings in shares of Rocket Companies by 58.1% in the fourth quarter. KBC Group NV now owns 6,056 shares of the company’s stock valued at $68,000 after acquiring an additional 2,226 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Rocket Companies by 3,429.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,377 shares of the company’s stock worth $142,000 after acquiring an additional 7,168 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Rocket Companies by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 8,295 shares of the company’s stock valued at $93,000 after purchasing an additional 3,019 shares in the last quarter. Institutional investors own 4.59% of the company’s stock.

About Rocket Companies

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.