How did FLS's Q1 2024 earnings surprise impact short-term trading?

FLS's Q1 2024 earnings surprise had a mixed impact on short-term trading. While the 3-day win rate was relatively low at 27.27%, indicating some volatility in the immediate aftermath of the earnings release, the 10-day win rate was higher at 45.45%, suggesting that investors had a better chance of positive returns in the following week. The 30-day win rate of 36.36% indicated a moderate likelihood of positive returns over a longer period. The maximum return observed following the earnings release was 7.59%, which occurred on day 79 after the earnings release, indicating that while the earnings surprise did not always lead to immediate gains, it could still result in significant returns if held for an extended period.