The backtest results are inconclusive due to the absence of specific performance data following BHP's earnings beat. Without quantitative metrics, it is difficult to determine the stock's typical price reaction or the magnitude of any gains. This lack of data limits the ability to analyze the effectiveness of trading strategies based on this event.

Consequently, investors should exercise caution and seek additional information or data before making investment decisions related to BHP's earnings surprises.

Further backtesting with detailed results is recommended to gain actionable insights.

The backtest results show that BHP experienced a 0% win rate over 3 days, 50% over 10 days, and 100% over 30 days following earnings misses, with returns initially negative but turning positive by 30 days. This indicates a short-term negative impact that reverses into a strong recovery within a month. The analysis suggests that while immediate reactions to earnings misses are unfavorable, BHP tends to rebound significantly over the medium term. Investors might consider holding or accumulating BHP shares after earnings misses to benefit from the eventual positive turnaround.

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The backtest results show that the Metals & Mining Industry experienced no significant impact following earnings beats, with a maximum return of -0.21% observed on day 7. This indicates that earnings beats in this sector do not translate into meaningful price movements over the tested period.

The lack of positive reaction suggests that investors may not view earnings beats as a strong catalyst for Metals & Mining stocks. Consequently, earnings surprises in this industry might not offer reliable trading opportunities.

Investors should consider other factors beyond earnings beats when evaluating Metals & Mining stocks for potential investment.

The backtest results show that when the Metals & Mining Industry misses earnings expectations, the impact on the industry is generally negative, with a maximum return of only 0.44% observed 13 days after the event. This indicates a weak or negligible positive price reaction following earnings misses over the analyzed period from 2023 to 2026.

The minimal positive return suggests that the market tends to discount or react unfavorably to earnings misses in this sector, reflecting investor caution.

Investors should be wary of potential downside risks and consider defensive positioning when earnings in this industry fall short of expectations.

Backtest BHP Earnings Beat and Miss Expectations

Find all upcoming company earnings reports scheduled for feb 16 2026. Get details on which companies are reporting and their expected results.

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