After Hours Most Active for Aug 4, 2025 : KVUE, SNAP, MRK, COP, HIMS, WMT

The NASDAQ 100 After Hours Indicator rose 36.36 points to 23,224.97 on 128.7 million shares traded, with several stocks showing significant activity. Kenvue (KVUE) and Snap (SNAP) were among the most active ahead of their Q2 2025 earnings reports, with KVUE forecasting a 32% YoY EPS increase and SNAP a 13% YoY decline. Notably, Merck (MRK) and ConocoPhillips (COP) both received three recent upward revisions to their earnings forecasts, with COP projecting a substantial 198% YoY EPS growth for its upcoming report, while Hims & Hers (HIMS) experienced a significant after-hours price decline.

Analysis

The NASDAQ 100 After Hours Indicator registered a modest gain of 36.36 points, signaling cautiously positive market sentiment on a substantial volume of 128.7 million shares. Divergent trends are evident at the single-stock level, driven primarily by forward-looking earnings estimates and analyst sentiment. ConocoPhillips (COP) stands out with a significant positive catalyst, as its consensus EPS forecast for the June 2025 quarter points to a 198% year-over-year increase, a view reinforced by three upward analyst revisions in the past four weeks. Similarly, Kenvue (KVUE) was the most active stock and carries a strong outlook, with a projected 32% YoY EPS increase. Positive sentiment also surrounds Merck (MRK) and Walmart (WMT), which both hold a "buy range" recommendation from Zacks, with Merck also benefiting from three upward earnings revisions for its December 2025 forecast. In stark contrast, Hims & Hers Health (HIMS) experienced a significant after-hours price decline of $6.81, potentially a valuation correction, as its last sale price was reported to be 131.49% of its price target. Snap Inc. (SNAP) also faces headwinds, with consensus forecasts indicating a 13% year-over-year deterioration in its earnings per share for the upcoming quarter.

Key Decisions for Investors

• Investors should note the strong bullish signals for ConocoPhillips, where a 198% projected YoY EPS growth and multiple upward revisions suggest significant fundamental strength ahead of its earnings report.
• The sharp price drop in Hims & Hers, despite trading well above its target price, indicates high volatility and potential overvaluation, warranting caution and a review of risk exposure.
• The negative consensus EPS forecast for Snap Inc., projecting a 13% YoY decline, presents a key risk factor that merits consideration for those holding or looking to initiate positions ahead of its August earnings.
• For those seeking fundamentally sound positions, the positive analyst ratings for Merck and Walmart, coupled with the strong 32% EPS growth forecast for Kenvue, highlight potential stability and upside in the healthcare and consumer sectors.