Backtest
The backtest results reveal that SNOA experiences a low short-term success rate of 27.27% within three days after an earnings miss, but shows a modest rebound with a 5.19% average return over 30 days and a 45.45% win rate. Meanwhile, the broader Health Care Equipment & Supplies industry displays minimal reaction to earnings misses, with a peak return of only 3.94%. This contrast suggests that although immediate responses to SNOA’s earnings miss are negative, there are opportunities for gains with a patient investment approach, unlike the general industry where earnings misses do not present clear trading advantages.
