Calendar

The backtest results reveal that TEN shows a strong positive reaction to its earnings beats, with a 66.67% win rate over short-term 3-day and 10-day periods, and moderate positive returns extending up to 30 days. In contrast, the broader Oil, Gas & Consumable Fuels industry experiences negligible price impact following earnings beats, with only a 0.41% maximum return over 50 days. This indicates that TEN’s earnings surprises are more influential on its stock performance compared to its industry peers. The data suggests that TEN’s earnings beats can be a reliable short-term indicator for traders, while the industry's muted response limits broader sector-based strategies. Investors might thus focus on tactical short-term investments in TEN following earnings beats to capture early gains rather than relying on the wider industry’s reaction.