The backtest results for SLB following earnings beats show a mixed performance with a 44.44% win rate at 3 and 30 days, but a notably low 22.22% win rate at 10 days. Returns are modestly positive in the short term (0.39% at 3 days) but turn negative over 10 and 30 days, with a maximum return of only 0.59% on the event day. This suggests limited sustained upside from earnings beats for SLB.

The results indicate that while immediate reaction can be slightly positive, the stock tends to underperform in the medium term after earnings beats.

Investors should be cautious about holding SLB long term post-earnings beat and consider short-term trading strategies instead.

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The backtest results show that SLB has a low short-term win rate of 25% at both 3 and 10 days after earnings misses, with negative returns in these periods. However, the 30-day win rate improves to 50%, and the average return turns slightly positive at 1.03%. This suggests that while immediate reactions to earnings misses are negative, the stock may recover over a longer horizon. Investors might consider a cautious approach in the short term but recognize potential for modest recovery within a month following an earnings miss.

The backtest results show that the Energy Equipment & Services Industry experienced no significant impact following earnings beats, with a maximum return of only 0.94% on the event day. This indicates that earnings beats in this sector do not translate into meaningful price movements or sustained gains. Consequently, investors should be cautious about expecting positive price reactions solely based on earnings beats in this industry, as the data suggests limited opportunity for alpha generation from such events.

The backtest results show that earnings misses in the Energy Equipment & Services Industry have no significant impact on stock returns, with a maximum return of only 1.37% observed within five days. This indicates that the market does not strongly react to earnings misses in this sector over the tested period.

The lack of notable price movement suggests that other factors may be more influential for this industry’s performance. Investors should consider that earnings misses alone may not provide actionable signals for trading decisions in this sector.

Backtest SLB Release Earning Report

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