The backtest results show that BTE has a 66.67% win rate over 3 days, 0% over 10 days, and 100% over 30 days following earnings beats, with a notable 11.97% average return at 30 days. This indicates a delayed but strong positive price reaction to earnings beats, despite short-term volatility. The maximum return of 13.55% occurring around day 39 further supports the trend of longer-term gains. Investors might consider holding BTE for at least a month post-earnings beat to capitalize on the substantial upward momentum.

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The backtest results show that BTE has a 62.5% win rate over 3 days and an 87.5% win rate over 10 days following earnings misses, with positive returns of 0.50% and 4.57% respectively. However, the 30-day win rate drops to 37.5%, with a slight negative return of -0.42%. This indicates a short-term positive price reaction that fades over the longer term.

The analysis suggests that BTE's stock tends to rebound shortly after earnings misses but may face downward pressure beyond 10 days.

Investors might consider short-term trading strategies to capitalize on the initial positive momentum post-earnings miss.

The backtest results show that the Oil, Gas & Consumable Fuels Industry experienced no significant impact following earnings beats, with a maximum return of only 1.99% observed 45 days after the event. This indicates that earnings beats in this sector do not translate into meaningful price movements over the tested period.

The lack of notable returns suggests that other factors may drive stock performance in this industry more than earnings surprises.

Investors should be cautious about relying solely on earnings beats as a signal for trading opportunities in this sector.

The backtest results show that when the Oil, Gas & Consumable Fuels industry misses earnings expectations, the industry still experiences a positive impact with a maximum return of 3.98% occurring 49 days after the event. This suggests that despite initial disappointment, the sector tends to recover and generate gains over the medium term. Investors might consider that earnings misses in this industry do not necessarily lead to prolonged negative performance and could present buying opportunities after the initial reaction.

Backtest BTE Earning Beats Expectations

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