The backtest results show that CFG has a 60% win rate over 3 days, dropping to 20% over 10 days, then rising to 80% over 30 days after earnings beats. The 3-day return is modestly positive at 0.84%, followed by a slight negative return at 10 days, and a stronger 2.93% gain at 30 days. This indicates that while short-term reactions are mixed, the stock tends to perform well over the longer term after earnings beats.

The analysis suggests that investors may benefit from holding CFG for up to 30 days post-earnings beat to capture the stronger returns.

This pattern highlights the potential advantage of a medium-term investment horizon following positive earnings surprises in CFG.

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The backtest results show that CFG experienced a 100% win rate with a 0.82% average return over 3 days following an earnings miss, but returns turned negative over 10 and 30 days, reaching -12.18% at 30 days. This indicates a short-term positive reaction possibly due to initial market overreaction, followed by a significant decline as the negative earnings impact materializes. Investors should be cautious about holding CFG long-term after an earnings miss, as the initial gains may reverse sharply within a month.

The backtest results show that when the Banks Industry beats earnings expectations, the overall impact on the industry is slightly negative, with a maximum return of only 0.63% occurring 59 days after the event. This suggests that positive earnings surprises in this sector do not translate into strong price gains over the medium term. Consequently, investors should be cautious about expecting significant upside from earnings beats in the Banks Industry and consider other factors or sectors for more robust post-earnings returns.

The backtest results show that when the Banks Industry misses earnings expectations, the impact is consistently negative with a maximum return of -0.26% on the event day. This indicates a weak immediate market reaction to earnings misses within this sector. The minimal magnitude of the negative return suggests limited downside risk but also restrained opportunity for gains following such events. Investors should be cautious with Banks Industry stocks around earnings misses, as the sector tends to underperform slightly, implying a defensive stance or selective exposure may be prudent in these scenarios.

Backtest CFG Earnings Beats and Misses Expectations

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