The backtest results show that TMO has a mixed performance following earnings beats, with a 36.36% win rate at 3 days, improving to 54.55% at 10 days, but dropping again to 45.45% at 30 days. Returns are generally low and volatile, with a maximum return of -0.10%, indicating limited positive price response.

This suggests that while there is some short-term optimism post-earnings, gains are not sustained and volatility is high.

Investors should be cautious when trading TMO after earnings beats, as the price impact is inconsistent and modest overall.

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The backtest results indicate that when companies in the Life Sciences Tools & Services Industry beat earnings expectations, they tend to generate positive returns, with a maximum observed return of 1.89% occurring five days after the event. This consistent positive impact across 235 events suggests a modest but reliable market response to earnings beats within this sector.

The results highlight the industry's sensitivity to earnings surprises, where positive news translates into short-term price gains.

Investors could consider these earnings beats as short-term entry signals in the Life Sciences Tools & Services Industry to capitalize on potential price appreciation.

The backtest shows that Thermo Fisher Scientific's earnings beat positively impacted the Industrial Conglomerates sector while negatively affecting Healthcare Services over different durations. Industrial Conglomerates saw elevated returns sustained for 59 days, reflecting increased demand for manufacturing and technology-related instruments. Conversely, Healthcare Services experienced a decline for 16 days, possibly due to shifted growth expectations. This divergence highlights sector-specific reactions to fundamental earnings surprises.

These results indicate that earnings beats in specialized scientific industries can have contrasting effects, benefiting related manufacturing sectors but dampening broader healthcare valuations.

Investors might consider overweighting industrial conglomerates and adopting caution around healthcare services following such earnings surprises.

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Backtest TMO Earning Beats

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