The backtest results for SLB following earnings beats show a low win rate of 44.44% over 3 and 30 days, with negative average returns of -3.79% at 30 days. The maximum return observed was only 0.59%, indicating weak positive price movement immediately after the event. This suggests that SLB's stock price does not consistently benefit from earnings beats in the medium term and may even decline.

The analysis implies that earnings beats for SLB are not reliable indicators of positive price performance. Investors should be cautious and consider other factors beyond earnings surprises when trading SLB.

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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 short-term price movements. Consequently, investors should be cautious about expecting immediate gains from earnings surprises in this industry and may need to consider other factors or longer-term strategies when making investment decisions.

Backtest SLB Earning Beats

Find all upcoming company earnings reports scheduled for jan 23 2026. Get details on which companies are reporting and their expected results.

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