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Rocket Companies (RKT)

(Real Time Quote from BATS)

$11.74 USD

11.74
589,718

+0.36 (3.16%)

Updated Apr 18, 2024 12:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value B Growth D Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 37% (92 out of 251)

Industry: Technology Services

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Balance Sheet

Research for RKT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Rocket Companies, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,137 789 2,212 2,054 1,456
Receivables 0 0 0 0 0
Notes Receivable 6,562 7,354 19,333 22,887 13,366
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 7,699 8,143 21,545 24,941 14,821
Net Property & Equipment 251 274 254 211 176
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 550 538 572 520 0
Intangibles 7,677 8,206 5,386 3,068 3,080
Deposits & Other Assets 2,708 2,555 4,590 8,556 1,766
Total Assets 19,232 20,082 32,775 37,535 20,123
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 31 33 34 74 62
Accounts Payable 171 116 272 252 157
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 585 614 689 550 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 787 763 994 876 220
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 7,604 8,250 18,746 21,421 14,637
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 2,145 2,171 2,794 7,083 1,436
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 10,930 11,607 23,015 29,652 16,607
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 341 276 288 283 0
Retained Earnings 284 300 378 207 0
Other Equity 7,677 7,899 9,094 7,392 3,516
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 8,302 8,476 9,760 7,882 3,516
Total Liabilities & Shareholder's Equity 19,232 20,082 32,775 37,535 20,123
Total Common Equity 8,302 8,476 9,760 7,882 3,516
Shares Outstanding 1,984.60 1,972.30 1,975.30 1,984.40 NA
Book Value Per Share 4.18 4.30 4.94 3.97 -0.04

Fiscal Year End for Rocket Companies, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,137 992 918 958
Receivables NA 0 0 0 0
Notes Receivable NA 6,562 8,023 8,516 8,447
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 7,699 9,015 9,434 9,404
Net Property & Equipment NA 251 256 263 267
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 550 532 538 541
Intangibles NA 7,677 7,920 7,692 7,923
Deposits & Other Assets NA 2,708 2,570 2,557 2,674
Total Assets NA 19,232 20,649 20,856 21,202
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 31 31 36 30
Accounts Payable NA 171 200 157 135
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 585 578 578 578
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 787 809 771 743
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 7,604 8,959 9,281 9,689
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,966 2,013 2,212
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 10,930 12,142 12,491 13,093
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 341 317 302 295
Retained Earnings NA 284 295 289 281
Other Equity NA 7,677 7,895 7,774 7,534
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 8,302 8,506 8,365 8,109
Total Liabilities & Shareholder's Equity NA 19,232 20,649 20,856 21,202
Total Common Equity 0 8,302 8,506 8,365 8,109
Shares Outstanding 1,985.60 1,984.60 1,980.10 1,976.00 1,974.60
Book Value Per Share 0.00 4.18 4.30 4.23 4.11