After-Hours Earnings Report for May 29, 2025 : COST, MRVL, DELL, ZS, NTAP, ULTA, COO, GAP, ESTC, PATH, AMBA, AEO

Several companies, including Costco (COST), Marvell (MRVL), Dell (DELL), and others, are scheduled to report earnings after hours on May 29, 2025. Analyst consensus forecasts indicate varied year-over-year EPS growth, with Marvell projecting a 450% increase while Zscaler (ZS) is expected to see a 120% decrease; additionally, Price to Earnings ratios from Zacks Investment Research suggest differing earnings growth prospects relative to industry peers for these companies.

Analysis

A diverse group of companies is scheduled to report earnings after hours on May 29, 2025, with analyst expectations pointing to a mixed performance across sectors. Marvell Technology (MRVL), an 'electric company company', anticipates a substantial 450.00% year-over-year (YoY) increase in consensus earnings per share (EPS) to $0.44, although it missed consensus in Q3 2024; its 2026 Price to Earnings (P/E) ratio of 30.90 is significantly lower than its reported industry P/E of 224.30. Dell Technologies (DELL) is projected to report a 44.23% YoY EPS increase to $1.50, having consistently beaten expectations over the past year, and its 2026 P/E of 13.64 is slightly below its industry's 14.90. The Cooper Companies (COO) is expected to deliver a 9.41% YoY EPS growth to $0.93, with a 2025 P/E of 20.13 that surpasses its industry average of 17.10, indicating expectations of stronger relative growth. Gap (GAP) forecasts a 7.32% EPS rise to $0.44, backed by a strong record of beating estimates, and trades at a 2026 P/E of 12.17, below its industry's 20.20. In contrast, Zscaler (ZS) faces a challenging outlook, with an expected 120.00% YoY EPS decrease to -$0.03 and a deeply negative 2025 P/E of -2305.91 compared to an industry P/E of -618.20. Ulta Beauty (ULTA) is forecasted for a 10.82% YoY EPS decline to $5.77, following a miss in Q3 2024, and its 2026 P/E stands at 18.11 versus an industry P/E of 32.20. UiPath (PATH) anticipates a 66.67% YoY EPS drop to -$0.05, while American Eagle Outfitters (AEO) projects a 173.53% YoY EPS decrease to -$0.25, despite AEO's history of beating past quarterly estimates. Costco Wholesale Corporation (COST) expects a 12.43% EPS increase to $4.25 but recorded a -1.71% miss in Q1 2025; its high 2025 P/E of 56.41 (versus industry 26.80) underscores significant embedded growth expectations. NetApp (NTAP) is looking at a modest 7.69% EPS growth to $1.54, with its 2025 P/E of 17.27 below the industry's 24.00. Elastic N.V. (ESTC) and Ambarella (AMBA) are projected to report narrower losses with EPS of -$0.30 (+23.08% YoY) and -$0.61 (+31.46% YoY) respectively; AMBA, also termed an 'electric company company', has consistently beaten estimates, though its 2026 P/E is -24.66 against an industry P/E of 224.30. The overall market impact score for these earnings is low at 0.25, suggesting outcomes will primarily drive company-specific stock movements.

Key Decisions for Investors

• Marvell Technology, Dell Technologies, The Cooper Companies, and Gap, Inc. present potentially favorable scenarios given strong EPS growth forecasts and, for Dell, Cooper, and Gap, positive recent earnings surprise history; however, Marvell's Q3 2024 miss warrants attention to execution and its P/E relative to its distinct industry benchmark.
• Investors should exercise caution with Zscaler, Ulta Beauty, UiPath, and American Eagle Outfitters due to anticipated significant EPS declines or continued losses; management commentary on turnaround strategies and future guidance will be critical for these names.
• Costco Wholesale Corporation's high P/E ratio necessitates a strong earnings beat and positive outlook to justify its premium valuation, particularly following its Q1 2025 miss, while NetApp's modest growth and lower P/E suggest the market may adopt a 'wait-and-see' approach pending results.
• For companies like Elastic N.V. and Ambarella, which are forecasting improving, albeit still negative, EPS and have seen positive sentiment, investors should verify if the trend of narrowing losses materializes and if management guidance supports continued operational recovery and a path to profitability.