The backtest results for SLB following earnings beats show a mixed performance with a 44.44% win rate at 3 and 30 days, but a notably low 22.22% win rate at 10 days. Returns are modestly positive in the short term (0.39% at 3 days) but turn negative over 10 and 30 days, with a maximum return of only 0.59% on the event day. This suggests limited sustained upside from earnings beats for SLB.

The data indicates that while immediate reaction can be slightly positive, the stock tends to underperform in the medium term after earnings beats.

Investors should be cautious about holding SLB long term post-earnings beat and consider short-term trading strategies instead.

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The backtest results show that SLB experienced a low win rate of 25% within both 3 and 10 days after earnings misses, with negative average returns of -0.59% and -2.60% respectively. However, the 30-day win rate improves to 50%, and the average return turns positive at 1.03%, indicating some recovery over the longer term.

This suggests that SLB's stock tends to decline initially following earnings misses but may partially rebound after a month. Investors should be cautious in the short term but consider potential recovery opportunities over a 30-day horizon.

The backtest results show that the Energy Equipment & Services Industry experienced no significant impact following earnings beats, with a maximum return of only 0.94% on the event day. This indicates that earnings beats in this sector do not translate into meaningful short-term price movements. Consequently, investors should be cautious about expecting immediate gains from earnings surprises in this industry and may need to consider other factors or longer-term strategies when making investment decisions.

The backtest results show that earnings misses in the Energy Equipment & Services Industry had no significant impact, with a maximum return of only 1.37% observed within five days. This indicates that the market reaction to earnings misses in this sector is minimal or neutral over the tested period.

The lack of meaningful price movement suggests that investors may have already priced in such earnings misses or that other factors dominate stock performance in this industry.

For investors, this implies limited trading opportunities based solely on earnings misses in the Energy Equipment & Services sector.

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