NYSE$RKT
Rocket Companies Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Rocket Companies reported strong second-quarter results, marked by record purchase closed loan origination volume and significant growth across its platform.
Rocket Companies announced strong second-quarter results, with revenue of $2.7 billion and net income of $1.0 billion. The company achieved record purchase closed loan origination volume, nearly doubling year-over-year, and expects its 2021 mortgage origination closed loan volume to exceed 2020's record performance of $320 billion.
- Generated total revenue, net of $2.7 billion and Adjusted Revenue of $2.8 billion.
- Rocket Mortgage generated $84 billion in mortgage origination closed loan volume and gain on sale margin of 2.78%.
- Generated net income of $1.0 billion and Adjusted Net Income of $0.9 billion.
- Achieved Adjusted EBITDA of $1.3 billion with an Adjusted EBITDA margin of 46%.
Headline financials
Revenue & EPS history
Rocket Companies · Revenue · Quarterly
$22.3M
Revenue by segment
Rocket Companies · $2.54B total across 2 segments · Q2 2021
- Direct to Consumer$2.22B-43.6%87.4%
- Partner Network$319M-59.3%12.6%
Forward guidance
Rocket Companies expects the following ranges in Q3 2021:
Tailwinds
- Closed loan volume of between $82.0 billion and $87.0 billion.
- Net rate lock volume of between $83.0 billion and $90.0 billion.
- Gain on sale margins of 2.70% to 3.00%.
- Technology and data continue to drive better client experiences.
- Originations volume expected to exceed 2020.
Headwinds
- Change in fair value of MSRs due to valuation assumptions
- Fluctuations in costs
- Difficult to predict expenses and gains
- Impact of long-term strategies
- Rocket Mortgage Classic expenses
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 Q2 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 | — | — | — |
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