Backtest
The backtest results indicate that RHP shows a strong short-term positive reaction to earnings beats, with a 63.64% win rate and average returns above 1% within 3 days, though this momentum fades by 30 days. This suggests that the market quickly rewards earnings surprises but the effect is not sustained long term.
The analysis reveals that RHP's stock price benefits immediately after earnings beats but lacks lasting strength beyond the short term.
Investors may find value in short-term trading strategies to exploit the initial positive price movement following RHP's earnings beats.