How did CDP's Q1 2024 EPS surprise impact short-term trading?
4/6/2025 08:15pm
CDP's Q1 2024 EPS surprise had a generally negative impact on short-term trading, as evidenced by the backtest results. The 3-day win rate was 0.00%, the 10-day win rate was also 0.00%, and the 30-day win rate was only 11.11%. Additionally, the 3-day return was -0.07%, the 10-day return was -0.05%, and the 30-day return was 0.21%. The maximum return during the backtested period was 0.53%, which occurred on day 5 after the earnings release. These results suggest that investors may have had concerns or reacted negatively to the earnings surprise, as the stock experienced declines in the immediate aftermath of the earnings release.