The backtest of PENG following earnings beats shows mixed short-term returns, with a 40% win rate over 3 days and a negative average return of -3.41%. Longer-term performance is more balanced, featuring a 50% win rate at 30 days and a modest overall return of 1.56%. The maximum gain observed was 3.03%, reached after 59 days. This indicates that immediate reactions to earnings beats tend to be weak or negative, while a potential for slight gains emerges over a longer horizon. Investors might consider a cautiously optimistic stance, favoring longer holding periods post-earnings beat.

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The backtest results indicate that the Electronic Equipment, Instruments & Components Industry showed no significant impact following earnings beat events, with a maximum return of only 0.36% observed over a 16-day period. This minimal return suggests that earnings beats in this sector do not translate into meaningful price movements or investment opportunities.

Consequently, the lack of discernible impact may reflect market efficiency or sector-specific factors limiting price response.

Investors should exercise caution and consider other indicators beyond earnings beats when evaluating this industry's investment potential.

Backtest PENG Earning Beats

Find all upcoming company earnings reports scheduled for jul 08 2025. Get details on which companies are reporting and their expected results.

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