The backtest results show that CFG exhibits 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 an earnings beat.

The analysis suggests that investors may benefit from holding CFG shares for up to 30 days post-earnings beat to capture the majority of gains.

This pattern highlights a favorable investment opportunity in CFG following positive earnings surprises.

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The backtest results show that CFG experienced a 100% win rate with a 0.82% average 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 price reaction that quickly reverses into a significant decline. The analysis suggests that while initial market sentiment may be optimistic or driven by short-term factors, the longer-term impact of earnings misses is detrimental to CFG's stock price. Investors should be cautious holding CFG beyond the immediate days after an earnings miss.

The backtest results reveal that the Banks Industry experienced a slight negative impact following earnings beats, with a maximum return of only 0.63% occurring 59 days after the event. This suggests that despite positive earnings surprises, the sector did not benefit significantly in terms of price appreciation over the tested period.

The minimal positive return and overall negative impact indicate that earnings beats may not be a strong driver for Banks Industry stock performance in this timeframe.

Investors should be cautious about expecting substantial gains from earnings beats in the Banks sector 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 -0.26% 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 persistent negative returns, reflecting investor caution. For investors, this implies a defensive stance may be warranted when banks report earnings below expectations, as the sector is prone to underperformance in such scenarios.

Backtest CFG Earnings Beats and Misses Expectations

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