((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
November 13 – ** Shares of Rocket Companies RKT.N fell 10.4% to $13.92, a 4-month low, after the mortgage banker's revenue forecast was disappointed
**RKT on track for its biggest one-day decline since April 10** The company said late Tuesday that it expects adjusted revenue of $1.05 billion to $1.2 billion for the 4th quarter , below the LSEG average estimate of $1.36 billion
** Q3 revenue rose 32% year-over-year to $1.32 billion, beating analysts' estimate of $1.29 billion, while adjusted EPS of 8 cents was in line to analysts' expectations
**Q3 closed loan origination volume increased 28% year-over-year to $28.5 billion, and sales gain margin increased 2 basis points to reach 2.78% **At least six brokerages cut their forecasts following the report, including RBC, Morgan Stanley and Barclays
** Jefferies, which rates RKT as a “hold”, lowered its forecast to $15 from $17.50 previously
**Rocket management said during the earnings press conference that the forecast update included market share gains, suggesting that current estimates of the size of the origination market “could be a little optimistic,” Jefferies wrote in a note
** The real estate market is booming and businesses need support from public authorities and the international community to cope with the crisis
**The stock has lost more than 25% over the past three months, representing a 4% year-to-date decline
