Backtest
The backtest results reveal that BK's stock shows a strong positive reaction to earnings beats, with win rates rising from 50% at 3 days to 80% at 10 and 30 days, and returns increasing up to 5.31% over 30 days. Conversely, earnings misses lead to negative short-term returns and low win rates initially, but some recovery is seen by day 30. The Capital Markets Industry overall shows no significant price impact from earnings beats or misses. This suggests investors may benefit from holding BK shares longer after earnings beats while exercising caution with earnings misses and industry-wide events.
