The backtest results for KO following earnings beats show a consistent 50% win rate across 3-day, 10-day, and 30-day periods, with modest average returns of 0.06%, 0.21%, and 0.30% respectively. This indicates a neutral to slightly positive price reaction to earnings beats over short to medium terms.

The results suggest that KO's stock price does not strongly trend upward after earnings beats, reflecting limited momentum or market enthusiasm.

Investors might consider that KO's earnings beats do not guarantee significant short-term gains, advising cautious optimism when trading post-earnings.

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The backtest results show that the Beverages Industry experienced no significant impact following earnings beats, with a maximum return of only 1.64% observed 28 days after the event. This indicates that earnings beats in this sector do not translate into meaningful price movements over the medium term. Consequently, investors should be cautious about expecting strong positive returns solely based on earnings beats within the Beverages Industry, as the event does not appear to drive substantial market reactions or opportunities for alpha generation.

The backtest reveals that Coca-Cola's earnings surprise positively influenced the overall market, driving gains over the observed period. In contrast, the Distributors industry experienced a significant negative impact, likely due to reduced bargaining power or margins following Coca-Cola's stronger performance.

This divergence highlights how a strong earnings report from a major consumer brand can boost market sentiment while simultaneously pressuring related supply chain sectors. Investors should consider the broader market benefits of Coca-Cola's earnings beat but remain cautious about exposure to the Distributors sector during such events.

Strategically, this suggests favoring market-wide positions over distributor stocks post-earnings surprise.

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Backtest KO Earning Beats

Find all upcoming company earnings reports scheduled for oct 21 2025. Get details on which companies are reporting and their expected results.

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