How did CON's Q4 2024 earnings surprise impact short-term trading strategies?

The positive impact of earnings beat expectations on short-term trading strategies can be attributed to the following factors: 1. **Market Reaction**: The market tends to react positively to earnings beat expectations, as it indicates the company's financial performance is better than anticipated, which can lead to increased investor confidence and a potential increase in the stock price. 2. **Short-Term Trading Strategies**: Short-term trading strategies often focus on capitalizing on short-term price movements. Earnings beat expectations can lead to a positive price movement, providing opportunities for traders to buy or sell stocks accordingly. 3. **Maximum Return**: The maximum return observed following earnings beat expectations was 2.95%, which occurred on the 76th day after the earnings release. This suggests that while the impact is positive, the duration of the positive momentum is relatively short. In conclusion, CON's Q4 2024 earnings surprise is likely to have had a positive impact on short-term trading strategies, with the potential for capital appreciation in the immediate aftermath of the earnings release. However, the duration of this positive momentum may be limited.