The backtest results show that TEM achieved a 100% win rate in both 3-day and 10-day periods following earnings beats, with exceptionally strong returns of 31.79% and 17.34%, respectively. However, the 30-day win rate drops to 50%, with a more modest average return of 4.74%. This indicates significant short-term gains that tend to diminish over the longer horizon, with the peak return of 35.92% occurring around day 4. Investors may find it advantageous to capitalize on TEM's sharp short-term rally post-earnings beat rather than holding for extended periods.

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The backtest results reveal that when the Professional Services Industry beats earnings expectations, there is effectively no significant impact on the industry’s stock returns, with a maximum return of only 1.27% observed within 14 days. This suggests that earnings beats in this sector do not translate into meaningful price movements over the medium term. Consequently, investors may consider that earnings surprises in the Professional Services Industry are not a reliable signal for generating outsized short- to medium-term gains and should evaluate other factors when making investment decisions.

Backtest TEM Earning Beats Expectations

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