Why did FRSH consistently outperform forecasts in 2024?

The stock FRSH experienced earnings that beat expectations, as evidenced by the 4 events where earnings exceeded forecasts over the backtested period from January 1, 2024, to April 7, 2025. However, the subsequent stock performance showed inconsistent gains: while there was a maximum return of 0.95% over 30 days, the overall trend was negative, with an average return of -10.57% over 30 days and a 10-day return of -4.44%. This suggests that the positive earnings surprise may not have been enough to sustain investor confidence or lead to significant stock appreciation, possibly due to other factors such as market conditions, company-specific news, or industry trends that were not captured in the backtest analysis.