Pacific Premier Bancorp's (PPBI) Q1 2024 EPS surprise had a generally positive impact on short-term trading, though the effects varied by time frame and were not consistently bullish.
- 3-Day Win Rate and Return: After the earnings beat expectation event, the stock experienced a 3-day win rate of 27.27%, indicating that approximately one-third of the time, the stock price rose within 3 days. The 3-day return was -1.03%, showing that, on average, the stock price fell slightly in the immediate aftermath of the earnings release.
- 10-Day Win Rate and Return: The 10-day win rate was higher at 63.64%, suggesting that a majority of the time, the stock price increased within 10 days following the earnings release. The 10-day return was +1.95%, indicating a more pronounced uptrend in the medium term.
- 30-Day Win Rate and Return: The 30-day win rate was 45.45%, with the stock price slightly declining by -0.19% over the longer term. The maximum return observed was 4.20% on day 79 after the earnings release, which implies that while the stock did not consistently rise, there was potential for significant gains if held for an extended period.
- Max Return Day: The maximum return day (79) indicates that the best performance was observed nearly 4 months after the earnings release, which suggests that while the immediate reaction to the earnings beat was muted, patience could be rewarded.
In conclusion, PPBI's Q1 2024 EPS surprise had a mixed impact on short-term trading, with a higher win rate and return observed in the medium term (10 days) compared to the immediate term (3 days). The longest holding period for maximum returns suggests that investors might need to be patient to capitalize on the positive sentiment surrounding the earnings beat.
4/3/2025 12:40am
