How did MHH's Q4 2024 earnings surprise impact investor sentiment?

Mastech Digital's (MHH) Q4 2024 earnings surprise had a negative impact on investor sentiment, as evidenced by the stock's performance following the earnings release. The company's stock price decreased by 2.89% on the day after the earnings report, indicating that investors may have had concerns about the company's financial performance or future prospects. The earnings surprise, which was positive with an EPS surprise of $0.12, did not seem to have a positive effect on the stock price in the short term, suggesting that the market may have had reservations about the sustainability or the implications of the earnings beat.

|code|Ticker|Name|Date|Post-Market Percentage Change|Percentage Change|market_code|
|---|---|---|---|---|---|---|
|MHH|MHH.A|Mastech Digital|20240405|0|-0.441|170|
|MHH|MHH.A|Mastech Digital|20240408|0|-1.9934|170|
|MHH|MHH.A|Mastech Digital|20240409|0|-1.0169|170|
|MHH|MHH.A|Mastech Digital|20240410|0|2.7397|170|
|MHH|MHH.A|Mastech Digital|20240411|0|-1.3333|170|
|MHH|MHH.A|Mastech Digital|20240412|0|-0.7883|170|
|MHH|MHH.A|Mastech Digital|20240415|0|0|170|
|MHH|MHH.A|Mastech Digital|20240416|0|0.7946|170|
|MHH|MHH.A|Mastech Digital|20240417|0|0.3941|170|
|MHH|MHH.A|Mastech Digital|20240418|0|-0.1683|170|