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Earlier this week Rocket Companies (#RKT) announced their Q4 earnings and blew analyst expectations out of the water! The parent company of Quicken Loans reported Q4 Non-GAAP EPS of $1.14 (beat by $0.26) and revenue of $4.78B (+161.2% Y/Y).
Shares of the company surged in after hours after the report and opened the following day at $23.33 (+17%). But by close of the day the stock wasn't able to hold momentum and closed at $21.85, near the IPO price of $18 when the company went public in August of 2020. Is now a good time for investors to buy shares of RKT after their impressive quarter?