How did FBIN's Q1 2024 EPS surprise impact short-term trading?
4/4/2025 07:24pm
Facebook's (FBIN) Q1 2024 EPS surprise had a positive impact on short-term trading, as evidenced by the backtest results. The 3-Day win rate was 70.59%, the 10-Day win rate was 76.47%, and the 30-Day win rate was 52.94%, indicating that the stock tended to perform well in the immediate aftermath of the earnings beat expectations. The maximum return observed was 5.53% over 30 days, suggesting that there was potential for gains in the short term following the earnings surprise.