Sep. 13 at 2:19 PM
$TER For the third quarter, management projected revenue between
$710 &
$770 million & non-GAAP EPS of
$0.69 to
$0.87, a forecast dressed up as sequential growth. The stock is still trading 20–25% below its 52-week high & lagging peers. Risks are familiar: tariffs, weakness in parts of the test business, & margin pressure. The chart reflects underperformance, with the next move hinging on either a strong quarter or a market suddenly willing to believe in demand signals that are theoretical.
#RKT Notes: The Redfin purchase. Fifty million monthly visitors now feed into a mortgage machine already chained to rate cycles. A funnel. Falling rates. Rates down, volumes up. This is the entire “thesis.” It was true yesterday, it will be true tomorrow. Mr. Cooper promises
$500 million in “synergies.” Redfin synergies. Over
$200 million projected. Allegedly from cost cuts & cross-selling. EPS boost. Analysts raised 2026 EPS forecasts by 11%. The uptick relies on rate declines & synergies.