NYSE$RKT
Rocket Companies Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Rocket Companies reported a substantial increase in revenue and net income, driven by growth in closed loan origination volume and gain on sale margin.
Rocket Companies reported a significant increase in revenue and net income for Q1 2021. Total revenue, net, grew to $4.6 billion, up 236% year-over-year, and net income increased to $2.8 billion, up 28x year-over-year. The company's closed loan origination volume reached $103.5 billion, a 100% increase compared to Q1 2020.
- Total revenue, net, increased to $4.6 billion, up 236% year-over-year.
- Net income grew to $2.8 billion, a 28x increase year-over-year.
- Closed loan origination volume reached $103.5 billion, up 100% year-over-year.
- Gain on sale margin increased by 49 basis points year-over-year to 3.74%.
Headline financials
Revenue & EPS history
Rocket Companies · Revenue · Quarterly
$27.4M
Revenue by segment
Rocket Companies · $4.45B total across 2 segments · Q1 2021
- Direct to Consumer$3.72B+257.0%83.8%
- Partner Network$722M+207.2%16.2%
Forward guidance
Rocket Companies provided the following outlook for Q2 2021:
Tailwinds
- Closed loan volume of between $82.5 billion and $87.5 billion.
- Net rate lock volume of between $81.5 billion and $88.5 billion.
- Gain on sale margins of 2.65% to 2.95%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+0.6%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+2.2%
Avg return
30 days after
50%
12 / 24 earnings
Positive
+14.8%
Q3 2023
Best reaction
-15.5%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.4% | -14.9% | -20.1% | |
| Q4 2025 | +2.4% | -6.4% | -23.1% | |
| Q3 2025 | +6.0% | +2.3% | +25.3% | |
| Q2 2025 | +0.0% | +11.4% | +21.8% | |
| Q1 2025 | -4.7% | +8.2% | +9.6% | |
| Q4 2024 | +9.1% | +16.1% | +1.6% | |
| Q3 2024 | -10.3% | -13.7% | -20.6% | |
| Q2 2024 | +6.5% | +13.2% | +21.4% | |
| Q1 2024 | +7.6% | +13.1% | +12.5% | |
| Q4 2023 | +5.1% | +8.6% | +28.5% | |
| Q3 2023 | +14.8% | +8.5% | +31.2% | |
| Q2 2023 | +8.5% | +10.4% | +2.1% | |
| Q1 2023 | -2.2% | -4.3% | -4.2% | |
| Q4 2022 | +1.9% | +9.6% | +11.5% | |
| Q3 2022 | -4.5% | -0.6% | +27.2% | |
| Q2 2022 | -2.9% | -6.0% | -25.7% | |
| Q1 2022 | -11.9% | -3.5% | -0.6% | |
| Q4 2021 | +10.4% | +20.8% | -6.1% | |
| Q3 2021 | -2.4% | -4.3% | -10.9% | |
| Q2 2021 | +9.4% | +2.0% | -5.7% | |
| Q1 2021 | -15.5% | -21.5% | -12.1% | |
| Q4 2020 | +7.5% | +104.7% | +17.7% | |
| Q3 2020 | -1.8% | +1.9% | -3.0% | |
| Q2 2020 | -13.7% | -20.0% | -25.1% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro