Backtest
The backtest results reveal that FAST shows a strong positive price reaction after earnings beats, with an 85.71% win rate and a 6.06% average return over 30 days. This suggests that the stock tends to perform well in the medium term following positive earnings surprises. In contrast, the broader Trading Companies & Distributors industry shows no significant price movement after earnings beats, indicating limited impact from such events. Investors may find value in focusing on FAST's earnings beats for medium-term gains rather than relying on industry-wide trends.