Backtest
The backtest results indicate that PSMT shows a strong positive price reaction after earnings beats, with win rates increasing from 66.67% at 3 days to 77.78% at 30 days and returns reaching 3.29%. This suggests that the stock gains momentum early, peaking around day 4. In comparison, the Consumer Staples Distribution & Retail Industry also experiences modest but consistent gains following earnings beats, with a maximum return of 1.02% around day 29. Investors may find value in holding PSMT shares for up to a month post-earnings to benefit from the sustained upward trend.
