How did HLT's Q1 2024 EPS surprise impact short-term trading?

Hilton Worldwide's (HLT) Q1 2024 EPS surprise had a generally positive impact on short-term trading, though the effects varied by time frame and the specific metric of interest.

1. **3-Day Win Rate and Return**: Following the earnings release, the 3-day win rate was 53.85%, indicating that the stock declined in the immediate aftermath of the earnings beat expectations. The average 3-day return was -1.06%, suggesting that investors experienced a small loss in the short term.

2. **10-Day Win Rate and Return**: The 10-day win rate was higher at 69.23%, and the average 10-day return was 2.22%. This indicates that while there was some volatility in the initial days after the earnings release, the stock tended to recover and even exceed its pre-earnings levels over the following two weeks.
3. **30-Day Win Rate and Return**: The 30-day win rate was also high at 69.23%, with an average 30-day return of 1.82%. This suggests that investors who held the stock for a longer period following the earnings release were rewarded with a modest gain, as the stock's performance stabilized and it approached its pre-earnings levels.
4. **Maximum Return**: The maximum return observed following the earnings release was 10.28%, which occurred on day 79 after the earnings report. This represents the peak positive performance, which could be a benchmark for investors assessing the effectiveness of the earnings surprise.

In conclusion, while HLT's Q1 2024 EPS surprise led to a brief dip in the stock price in the immediate aftermath of the earnings release, the overall impact on short-term trading was positive, with the stock recovering and showing gains in the following weeks. The maximum return observed highlights the potential for significant positive movement in the stock if investors are patient and hold their position for a longer period.