How did CHX's Q1 2024 EPS surprise impact short-term trading?
4/10/2025 03:10pm
CHX's Q1 2024 EPS surprise had a generally positive impact on short-term trading, with higher win rates and returns observed in the immediate aftermath of the earnings release. The 3-Day win rate was 54.01%, the 10-Day win rate was 52.40%, and the 30-Day win rate was 49.68%, indicating that the majority of short-term trades took place in the week following the earnings release. The maximum return observed following the earnings release was 8.15%, which occurred on day 79 after the earnings release, suggesting that there was significant upside potential for traders who held their position for several weeks.