The backtest results show that TMO has a 60% win rate and a 1.23% average return over 30 days following an earnings beat, though shorter-term returns are mixed with a slight loss over 10 days. This indicates a moderate positive impact on TMO's stock price in the medium term after earnings surprises. The data suggests that while immediate gains are uncertain, holding TMO for up to a month post-earnings beat may yield modest returns. Investors might consider a medium-term position to capitalize on this pattern.

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The backtest results show that the Life Sciences Tools & Services Industry experienced no significant impact following earnings beats, with a maximum return of only 1.56% observed five days after the event. This indicates that earnings beats in this sector do not translate into meaningful price movements or sustained gains. Consequently, investors should be cautious about expecting strong market reactions or alpha generation solely based on earnings beats within this industry.

Backtest TMO Earning Beats

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