![]() However, with the government pushing toward a net zero emissions environment, most households will likely one day be solar powered. Only 3.2% of American homes are solar powered. The company holds a presence in 42 metros and plans to leverage this business unit in the coming years. Rocket Companies has delved into the renewable energy space with solar financing offerings. I want to point out a business activity with extreme long-term potential. This might be a bit off the topic of assessing Thursday's earnings report, but it's critical for investors to know. Furthermore, Rocket Companies' "other companies" segment has grown staggeringly in the past few years all enterprises' revenue surging since 2019 apart from "Rocket Loans," which has experienced an approximate 4.14x year-over-year drawdown (as of Q-2). Moreover, the company's mortgage business presents respectably low delinquency rates. The numbers below communicate sound growth as the firm has grown its mortgage market share to 8.8% from a mere 6.4% in 2019. Furthermore, the company provides ancillary services like marketing, title insurance, valuations, and more. The company's core activities relate to cyclical loan origination, such as mortgages and automotive loads. Rocket Companies operates an integrated business model. ![]() ![]() Today's analysis is mainly quantitative however, let's examine a few qualitative variables first. Here are a few factors to note about Rocket Companies leading up to its third-quarter earnings report. However, we identified meaningful relationships among key variables, which we're excited to share with readers. We didn't forecast any figures, as general earnings forecasts are offered to our service members. We've taken it upon ourselves to do an earnings preview by means of quantitative analysis. In addition, the street believes Rocket could deliver a normalized earnings per share number of -$0.03, which is the exact figure it achieved in its second quarter. 3, with a revenue target of $1.08 billion being set by analysts. ![]() Rocket Companies ( NYSE: RKT) is expected to deliver its third quarter financial results on Nov. ![]()
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