The backtest results for SJM following earnings beats show that the stock achieved a 30-day win rate of 63.64%, but the average return over the same period is -1.79%.

This suggests that while the likelihood of positive performance post-earnings beat is moderate, returns tend to be weak or negative, indicating a lack of strong upward momentum despite beating expectations.

Investors should be cautious when considering SJM after earnings beats, as the data does not support a consistent or meaningful price appreciation in the weeks that follow.

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The backtest results indicate that when the Food Products Industry beats earnings expectations, there is no significant impact observed on subsequent performance, with a maximum return of just 0.95% after two days.

This suggests the market response to earnings beats within this industry remains muted, lacking notable upward momentum in the short term.

For investors, this implies earnings surprises in the Food Products Industry do not consistently translate into meaningful post-event returns, warranting a cautious approach.

Backtest SJM Earning Beats

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