RKT - Rocket Companies Non-GAAP EPS of -$0.08 misses by $0.05 revenue of $1.3B beats by $220M
- Rocket Companies press release ( NYSE: RKT ): Q3 Non-GAAP EPS of -$0.08 misses by $0.05 .
- Net Revenue of $1.3B (-58.2% Y/Y) beats by $220M .
- Rocket Mortgage generated $25.6 billion in mortgage origination closed loan volume. Gain on sale margin was 2.69%.
- Total liquidity increased by $1.5 billion in the quarter to $8.8 billion, as of September 30, 2022, which includes $4 billion of available cash, $3.1 billion of undrawn lines of credit, and $1.7 billion of undrawn MSR lines.
- Q4 2022 Guidance: Adjusted revenue of between $600 million to $750 million.
- Closed loan volume of between $17 billion and $22 billion.
- Net rate lock volume of between $15 billion and $21 billion.
- Gain on sale margins of 2.30% to 2.60%.
- Shares -1% .
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Rocket Companies Non-GAAP EPS of -$0.08 misses by $0.05, revenue of $1.3B beats by $220M