The backtest results show that AZZ has a high 30-day win rate of 88.89% and an average 30-day return of 9.97% following earnings beats, despite lower short-term win rates. This indicates a strong positive price reaction over the medium term after earnings surprises. The data suggests that while immediate gains are modest, holding AZZ for up to a month post-earnings beat can yield significant returns. Investors might consider a medium-term holding strategy to capitalize on the substantial price appreciation following AZZ's earnings beats.

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The backtest results show that the Electrical Equipment Industry experienced a positive impact following earnings beats, with a maximum return of 3.59% occurring 19 days after the event. This indicates a moderate but consistent upward price movement in the industry post-earnings beat.

The analysis suggests that earnings beats serve as a reliable catalyst for gains in this sector, although the magnitude of returns is moderate rather than extreme. Investors can expect a positive but measured response in the Electrical Equipment Industry after earnings exceed expectations.

For investment strategies, holding positions in this industry for around three weeks post-earnings beat may capture the peak return potential.

Backtest AZZ Earning Beats

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