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

Pegasus Energy Group (PEG) experienced positive short-term gains following its Q1 2024 earnings beat expectations. The 3-day win rate was 63.41%, indicating that approximately two-thirds of the time, the stock price rose within three days after the earnings release. The 10-day win rate was slightly lower at 60.98%, but the 30-day win rate was 87.80%, suggesting that the positive momentum persisted in the medium term. The maximum return observed was 7.24% over 30 days, with the maximum return day occurring on day 78 after the earnings release. This demonstrates that investors who took a short-term trading approach could have benefited from the earnings surprise.