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 (RKT) is expected to deliver its third quarter financial results on Nov. The stock's trading in deep value territory, but be careful of committing too soon if you're a value-seeking investor. ![]() Nevertheless, its Beneish M-Score suggests conservative accounting could've been one of the reasons why. Rocket Companies has a history of missing earnings targets. The company's accumulating market share at a steady pace, yet its gain on sale margin is fading. However, signs are that auto loans remain resilient. Waning mortgage loan demand could be a key headwind. Rocket Companies is due to release its third quarter earnings report on Thursday, which could be a mixed bag. Rocket Companies Q3 Earnings Preview - Quantitative Analysis According to a company sponsored survey, 88% of clients said they would value a Rocket-affiliated rewards program in a way that would encourage a long-term relationship with the brand. The results for Rocket were even more impressive. ![]() The 2022 Loyalty Barometer Report by Merkle showed an impressive 79% of consumers are more likely to do business with an entity because of its loyalty program. Those who opt into the program can manage rewards, see their point balances, find activities to complete to get rewards and view their full rewards history all in one location. The loyalty program helps prepare consumers for when they are ready to buy a home and will soon assist those who are looking to power their home with solar panels or achieve financial flexibility with a personal loan. ![]() Rocket Rewards further delivers on Rocket Companies' mission of simplifying life's most complex moments so Americans can live their individual dream. Recently, the organization announced Inflation Buster, a program that reduces a home buyer's mortgage payment for the first year of their loan – providing some flexibility for the expenses that come with homeownership – the costs of which have risen due to inflation. This is the latest client-focused program from the company, giving Americans the opportunity to achieve their financial goals while continuing to drive value and brand loyalty for Rocket Companies. ![]() Rocket Companies plans to expand the Rocket Rewards program in the coming months with new ways to bank points and additional redemption opportunities. Clients can receive additional reward points by completing a number of activities, including reading educational articles, watching informative videos available on the Rocket Mortgage learning center or using a mortgage calculator. For example, those who create a free Rocket account and visit the rewards page or those with an existing account who complete their first rewards activity will currently receive a 7,500-point welcome bonus, the equivalent of $75, that can be applied to savings on closing costs. Clients at any phase of the homebuying journey – even those months away from beginning the search for a home – can start gaining rewards by completing simple tasks. With the launch of the first phase of the program, homebuyers can use reward points to save money on their closing costs when financing their home purchase through Rocket Mortgage. unveiled Rocket Rewards, an innovative loyalty program empowering consumers to accrue points that can be redeemed toward various financial transactions across the Rocket Platform. Introduces Rocket Rewards: New Engagement Program Helps Consumers Save Toward Their Financial Future
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