Rocket Companies (RKT) reported $693.81 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 44.3%. EPS of $0.00 for the same period compares to -$0.10 a year ago.

The reported revenue represents a surprise of -5.64% over the Zacks Consensus Estimate of $735.27 million. With the consensus EPS estimate being -$0.05, the EPS surprise was +100.00%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Rocket Companies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Loan servicing income- Servicing fee income: $347.74 million versus $342.99 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6.2% change.

• Revenue- Loan servicing income- Change in fair value of MSRs: -$357.85 million versus the five-analyst average estimate of -$242.15 million. The reported number represents a year-over-year change of -12.1%.

• Revenue- Other income: $232.60 million versus the five-analyst average estimate of $184.27 million. The reported number represents a year-over-year change of +24.2%.

• Revenue- Gain on sale of loans, net: $430.14 million compared to the $402.18 million average estimate based on five analysts. The reported number represents a change of +53.2% year over year.

• Revenue- Interest income, net: $41.17 million versus $35.76 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -16.5% change.

• Revenue- Gain on sale of loans- Gain on sale of loans excluding fair value of MSRs, net: $187.83 million versus $168.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2605.1% change.

• Revenue- Gain on sale of loans- Fair value of originated MSRs: $242.31 million versus $234.45 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -16% change.

• Revenue- Loan servicing income, net: -$10.10 million compared to the $86.33 million average estimate based on four analysts. The reported number represents a change of -72.3% year over year.

• Revenue- Interest income- Interest income: $86.08 million compared to the $80.34 million average estimate based on three analysts. The reported number represents a change of +1.2% year over year.