Backtest
The backtest results indicate that PEB shows a low short-term win rate of 33.33% with negative average returns at 3, 10, and 30 days after earnings beats, though the 30-day win rate improves to 55.56%. This suggests initial negative market reactions followed by some recovery over a longer horizon. The results imply that short-term trading after PEB earnings beats carries risk, but a longer-term hold may capture potential stabilization or gains. Investors should exercise caution with short-term positions and consider longer-term strategies post-earnings beat.
