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Stock impact report

Ahead of Rocket Companies (RKT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics [Yahoo! Finance]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Yahoo! Finance
year-over-year increase of 116.7%. It is anticipated that revenues will amount to $1.02 billion, exhibiting an increase of 53.1% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company Show less Read more
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