How did RYI's Q1 2024 EPS surprise impact short-term trading?

RYI's Q1 2024 EPS surprise had a mixed impact on short-term trading, with the 3-Day win rate being 36.36% and the 10-Day win rate being 45.45%. While there was some volatility in the short term, the 30-Day win rate was higher at 72.73%, indicating that investors had a better chance of making a positive return in the medium term. The maximum return observed following the earnings beat was 14.37%, which occurred on day 69 after the earnings release. Overall, while there was some uncertainty in the immediate aftermath of the earnings release, the positive surprise appeared to drive moderate gains in the following weeks.