JEF's Q2 2024 EPS surprise had a positive impact on short-term trading, with significant gains observed in the 3-Day, 10-Day, and 30-Day periods following the earnings release. The backtest results showed that the 3-Day win rate was 33.33%, the 10-Day win rate was 33.33%, and the 30-Day win rate was 66.67%, indicating that the stock performed well in the immediate aftermath of the earnings miss expectations. The maximum return observed was 16.26% over 30 days, suggesting that there was considerable upside potential for investors who took a short-term view following the earnings surprise.