Nov-04-21, the Rocket Companies reported for third-quarter 2021 revenue of $3.16 billion, beating a consensus of $2.93 billion.
Quarterly earnings of 57 cents per share beat the analyst consensus estimate of 48 cents by 18.75% , (according to a Yahoo article)
The company also exceeded the top end of its closed loan volume and margin guidance.
The third quarter marked the second consecutive record purchase quarter for the company.
The company has $88 billion in mortgage origination closed loan volume in the quarter.
Oct-29-21, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT) has teamed with Salesforce (NYSE: CRM) in a partnership that will make the Detroit-based company's mortgage origination technology available to banks, credit unions and other financial institutions through Salesforce Financial Services Cloud.
The company has a Market Cap is 32.32B. It has performed very well also during the previous quarters.
The last two quarters were a bit lower than then expected profit, but anyway the company was with very good profits and it keeps expanding in the market.
During the beginning of the year the company was also support from the Reddit forum WSB and was classified from the market as a "meme stock". Anyway my purpose of the analysis it is not related with that part but that gives extra value as well. We all need support to move the price higher:)
From the technical perspective I think that the stock just completed a "Falling Wedge" pattern and broke out.
In my personal opinion $15 was the low for this stock and from here we should begin to see it moving higher.
Targets:
$19.30
$22.3
Thank you and Good Luck!
Quarterly earnings of 57 cents per share beat the analyst consensus estimate of 48 cents by 18.75% , (according to a Yahoo article)
The company also exceeded the top end of its closed loan volume and margin guidance.
The third quarter marked the second consecutive record purchase quarter for the company.
The company has $88 billion in mortgage origination closed loan volume in the quarter.
Oct-29-21, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT) has teamed with Salesforce (NYSE: CRM) in a partnership that will make the Detroit-based company's mortgage origination technology available to banks, credit unions and other financial institutions through Salesforce Financial Services Cloud.
The company has a Market Cap is 32.32B. It has performed very well also during the previous quarters.
The last two quarters were a bit lower than then expected profit, but anyway the company was with very good profits and it keeps expanding in the market.
During the beginning of the year the company was also support from the Reddit forum WSB and was classified from the market as a "meme stock". Anyway my purpose of the analysis it is not related with that part but that gives extra value as well. We all need support to move the price higher:)
From the technical perspective I think that the stock just completed a "Falling Wedge" pattern and broke out.
In my personal opinion $15 was the low for this stock and from here we should begin to see it moving higher.
Targets:
$19.30
$22.3
Thank you and Good Luck!
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t.me/KlejdiCuni
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www.youtube.com/@TradingPuzzles