After-Hours Earnings Report for August 21, 2025 : INTU, WDAY, ROST, ZM, OCS

On August 21, 2025, several companies are scheduled to report earnings, with Intuit (INTU) and Workday (WDAY) leading with analyst forecasts for over 113% year-over-year EPS growth, supported by high P/E ratios relative to their industry peers, signaling strong market expectations for future expansion. In contrast, Ross Stores (ROST) anticipates a slight EPS decline, while Zoom (ZM) projects an 8.45% increase; both have consistently surpassed estimates, yet trade at lower P/E multiples than their respective industry averages. Oculis Holding AG (OCS) is expected to report a reduced loss, highlighting varied performance and valuation outlooks across the software, retail, and biotech sectors.

Analysis

The upcoming earnings reports present a stark divergence in performance and valuation across sectors. In software, Intuit (INTU) and Workday (WDAY) are positioned for significant growth, with consensus EPS forecasts indicating year-over-year increases of 113.11% and 116.22%, respectively. This anticipated growth is reflected in their premium valuations, with Price-to-Earnings (P/E) ratios of 47.50 for INTU and 64.81 for WDAY, both substantially higher than their industry averages, setting a high bar for performance. In contrast, Zoom (ZM), while also in the software space, has a more modest EPS growth forecast of 8.45% and trades at a P/E of 22.48, well below its industry's 34.20, despite a strong history of beating earnings estimates by as much as 24.29%. This suggests the market may be pricing in slower long-term growth. In retail, Ross Stores (ROST) is expected to report a 4.40% year-over-year decrease in EPS, a notable negative signal for the discount retail sector, though its consistent history of beating expectations could provide a potential upside surprise; its P/E of 23.53 is below the industry average. Finally, the biomedical firm Oculis Holding (OCS) is forecast to report a narrower loss per share of -$0.53, an improvement of 5.36% YoY, but its negative P/E of -7.19 highlights its pre-profitability stage.

Key Decisions for Investors

• For high-growth names Intuit and Workday, investors should be aware that their premium P/E ratios demand not only meeting but likely exceeding the strong consensus EPS growth forecasts of over 113% to sustain current valuations.
• Given Ross Stores' forecasted 4.4% EPS decline alongside its consistent history of beating estimates, investors should scrutinize management's commentary on consumer demand and margin pressures to determine if its below-industry valuation presents a value opportunity or a valid concern.
• Zoom's modest 8.45% EPS growth forecast, coupled with its history of substantial earnings beats and a P/E ratio below its industry peer group, may signal a potential upside surprise, making forward guidance crucial for a potential re-rating.
• With Oculis Holding still in a pre-profitability stage, focus should be on its cash burn, clinical trial progress, and management's updated timeline to profitability rather than on the expected EPS loss of -$0.53.