The backtest results show that CFG has a strong positive response following earnings beats, with an 83.33% win rate over 30 days and an average 3.79% return. Short-term returns are modest but positive, while the maximum return of 1.92% typically occurs around day 6. This indicates that CFG's stock price tends to appreciate significantly within a month after earnings surprises.

The results suggest that investors can expect favorable medium-term gains from CFG earnings beats, despite some variability in shorter time frames.

Investors might consider holding CFG shares for up to 30 days post-earnings beat to capture the strongest returns.

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The backtest results show that CFG experienced a 100% win rate with a 0.82% return over 3 days following an earnings miss, but returns turned negative over 10 and 30 days, reaching -12.18% at 30 days. This indicates a short-term positive reaction that quickly reverses into a significant decline. The initial bounce may reflect market overreaction or short-term trading dynamics, while the longer-term drop suggests fundamental concerns. Investors should be cautious about holding CFG long-term after an earnings miss, as the negative trend dominates beyond the immediate aftermath.

The backtest results show that the Banks Industry experienced a slight negative impact following earnings beats, with a maximum return of only 1.01% occurring 59 days after the event. This suggests that despite positive earnings surprises, the industry does not strongly capitalize on such events in terms of price appreciation. The analysis indicates a muted or cautious market reaction to earnings beats within the Banks sector over the tested period. Investors should be wary of expecting significant gains solely based on earnings beats in this industry and consider other factors when making investment decisions.

The backtest results show that when the Banks Industry misses earnings expectations, the impact is consistently negative with a maximum return of -0.25% on the event day. This indicates a weak immediate market reaction to earnings misses within this sector. The analysis suggests that earnings misses in the Banks Industry tend to lead to slight but consistent downside pressure on stock prices. Investors should be cautious and consider defensive strategies when banks report earnings below expectations, as the sector exhibits vulnerability to such negative surprises.

Backtest CFG Earnings Beats Expectations

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