How did KO's Q4 earnings surprise impact its annual performance?

Coca-Cola's (KO) fourth-quarter (Q4) earnings surprise had a positive impact on its annual performance, though the effect was relatively modest. The 3-Day win rate for earnings beat expectations was 64.71%, indicating that the stock tended to perform well in the short term following the earnings release. However, the 10-Day and 30-Day win rates were lower at 52.94% and 64.71%, respectively, suggesting that while the stock often rose in the immediate aftermath of the earnings report, the longer-term performance was more variable. The maximum return observed following the earnings beat was 3.34%, which occurred on day 79 after the earnings release. This suggests that while there was potential for gains, investors should be prepared for a degree of volatility in the period following the earnings report.