Backtest
The backtest results reveal that DRH shows modest gains after earnings beats, with a 30-day return of 1.38% and a 57.14% win rate, indicating a mild positive market reaction. Conversely, earnings misses lead to a short-term positive return of 0.97% within 3 days but result in a negative 30-day return of -2.29%, reflecting a fading initial optimism. The Hotel & Resort REITs industry shows no significant impact from earnings beats or misses, suggesting limited sector sensitivity. Investors should consider a cautious, longer-term approach for DRH and not rely solely on earnings surprises in this industry.