Backtest
The backtest results indicate that WIT experiences an immediate negative return of -0.88% over three days following an earnings miss, with no short-term wins. However, the medium-term outlook improves as the 10-day and 30-day win rates reach 50%, and the 30-day average return turns positive at 4.81%, suggesting recovery. In contrast, the Professional Services Industry shows no significant price impact from earnings misses, reflecting sector resilience. Investors should be cautious in the short term with WIT but may consider holding for potential medium-term gains, while industry-wide earnings misses appear less consequential.
