The backtest results show that MMM has a 41.67% win rate at 3 and 10 days post-earnings beat, improving to 58.33% at 30 days, with a modest 1.55% average return over 30 days. This indicates a weak short-term reaction but a slightly positive medium-term price movement following earnings beats. The maximum return observed was minimal, suggesting limited upside potential.

These findings imply that immediate gains after MMM's earnings beat are unlikely, but holding the stock for a month may yield small positive returns.

Investors might consider a cautious approach, favoring longer-term holding rather than short-term trading after MMM earnings surprises.

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The backtest results show that MMM experienced negative returns following earnings misses, with a 0% win rate over 3 days and only 33.33% over 10 and 30 days. The average returns were -1.59% at 3 days, worsening to -2.77% at 30 days, indicating a consistent downward trend after earnings disappointments.

This suggests that MMM's stock price tends to decline following earnings misses, reflecting investor disappointment and potential fundamental concerns.

Investors should be cautious and consider the risk of holding MMM shares after earnings misses, as the stock historically underperforms in the short to medium term.

The backtest results show that the Industrial Conglomerates Industry experienced no significant impact following earnings beats, with a maximum return of only 2.82% observed on day 36. This indicates that earnings beats in this sector do not translate into meaningful short- or medium-term price movements. Consequently, investors should be cautious about expecting strong price reactions from earnings beats in this industry and may need to consider other factors or events when making investment decisions related to Industrial Conglomerates.

The backtest results show that earnings misses in the Industrial Conglomerates Industry had no significant impact, with a maximum return of only 1.19% observed four days after the event. This indicates that the industry’s stock prices are largely unaffected by earnings misses over the tested period.

The lack of meaningful price movement suggests that investors may not react strongly to earnings misses in this sector, possibly due to diversified business models or other mitigating factors.

For investors, this implies limited trading opportunities based on earnings misses within the Industrial Conglomerates Industry.

Backtest MMM Release Earning Report

Find all upcoming company earnings reports scheduled for jan 20 2026. Get details on which companies are reporting and their expected results.

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