Sunnyvale Technologies' (STE) Q4 2024 earnings surprise had a generally positive impact on short-term trading, though the effects varied by time frame.
- 3-Day Win Rate and Returns: After the earnings beat was announced, the stock showed a 3-day win rate of 50%, with an average return of 0.04% over that period. This suggests that half of the time, the stock price increased in the three days following the earnings release.
- 10-Day Win Rate and Returns: Over a 10-day period, the win rate increased to 43.75%, with an average return of 0.96%. This indicates a higher probability of the stock price rising in the ten days following the earnings release compared to the immediate 3 days.
- 30-Day Win Rate and Returns: The 30-day win rate was 50%, with an average return of 0.58%. This suggests that, in the longer term, the stock price was more likely to rise after the earnings beat expectations, with a maximum return of 5.01% observed on day 55 after the earnings release.
In summary, STE's Q4 2024 earnings surprise had a positive short-term impact on the stock, with higher win rates and returns observed over longer time frames. This suggests that investors who waited a few days after the earnings release had a higher chance of earning a positive return.
4/10/2025 08:26am
