Backtest
The backtest results indicate that BNED shows strong positive returns following earnings beats, with a 75% win rate and an average 14.65% return over 30 days, despite some short-term volatility. In contrast, the Specialty Retail Industry overall exhibits minimal price movement and negligible gains after earnings beats, with a maximum return of only 0.87%. This suggests BNED’s earnings beats are a more reliable indicator of stock appreciation than the broader industry trend. Investors may benefit from holding BNED shares for at least 30 days post-earnings beat to maximize returns.
