The backtest results show that STLD has a consistent 62.5% win rate across 3, 10, and 30 days following earnings beats, with a modest negative return in the short term and a positive 3.89% return over 30 days. This indicates a delayed but favorable price reaction to earnings surprises. The maximum return of 1.8% typically occurs around day 6, suggesting a short-term opportunity for gains. Investors might consider holding STLD for up to a month post-earnings beat to capitalize on the positive trend.

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The backtest results show that STLD has a 50% win rate at 3 and 10 days, dropping to 33.33% at 30 days after earnings misses, with negative average returns of -0.27%, -3.73%, and -3.19% respectively. This indicates a generally weak price reaction to earnings misses, worsening over time. The maximum return observed was only 1.17%, suggesting limited upside potential post-event. Investors should be cautious with STLD following earnings misses, as the stock tends to underperform in the medium term, implying a defensive or avoidance stance may be prudent.

The backtest results show that the Metals & Mining Industry experienced no significant impact following earnings beats, with a maximum return of -0.08% observed on day 7. This indicates that earnings beats in this sector do not translate into meaningful price movements over the tested period.

The lack of positive response suggests that other factors may dominate price action in this industry, reducing the predictive value of earnings surprises.

Investors should be cautious about relying on earnings beats alone as a signal for trading opportunities in the Metals & Mining sector.

The backtest results reveal that when the Metals & Mining Industry misses earnings expectations, the impact on the sector is generally negative, with a maximum return of only 0.59% observed 25 days after the event. This suggests limited upside potential following earnings misses within this industry over the tested period.

The modest maximum return and negative overall impact indicate that earnings misses tend to weigh on investor sentiment and stock performance in this sector.

Investors should be cautious and consider defensive positioning when Metals & Mining companies report earnings below expectations.

Backtest STLD Earnings Beat and Miss Expectations

Find all upcoming company earnings reports scheduled for jan 26 2026. Get details on which companies are reporting and their expected results.

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