Calendar

The backtest results reveal that CDZI sees a brief positive surge with a 60% win rate and an 86.43% average return within three days after an earnings miss, but this momentum fades significantly by day ten and neutralizes by day thirty. This suggests a sharp but short-lived price reaction. Conversely, the Water Utilities Industry experiences a strong and immediate negative impact, with returns dropping by up to 30.77% one day post-miss. Investors might exploit CDZI’s short-term rebound while being wary of broader sector downturns and adopting cautious strategies in the Water Utilities space after earnings misses.