How can traders leverage UBER's earnings surprise patterns?

Uber Technologies (UBER) has shown a mixed pattern of stock performance following earnings releases. While earnings beats have led to short-term volatility, misses have generally resulted in positive returns. Traders can leverage these patterns as follows:

1. **Earnings Beats**: When UBER beats earnings expectations, it often leads to a negative reaction in the short term, with 46.15% of days experiencing a decline in the first three days after the release. However, the 30-day return shows a positive trend, with a maximum return of 2.90% over 30 days. This suggests that while there may be some short-term volatility, long-term investors might find opportunities in the aftermath of earnings beats.
2. **Earnings Misses**: In contrast, UBER's earnings misses have historically led to more positive short-to-medium-term returns. 50% of the 10-day period and 83.33% of the 30-day period following an earnings miss have seen returns, with a maximum return of 22.61% over 30 days. Traders might consider these events as potential buying opportunities, especially given the higher win rates and returns observed in the backtested data.