The backtest results for MKC following earnings beats show mixed short- and medium-term outcomes with a modest 30-day average return of 1.76% and a 50% win rate over 3 and 30 days. However, the 10-day period reveals weaker performance with a -0.97% average return and only a 37.5% win rate, indicating inconsistent market reactions. This suggests that MKC's stock does not reliably appreciate immediately after earnings surprises.

These results highlight the importance of cautious timing around earnings events for MKC.

Investors should consider short-term volatility and potentially focus on longer holding periods to capture gains after an earnings beat.

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The backtest results indicate that the Food Products Industry showed no significant price impact following earnings beats over the three-year period ending in mid-2025. Despite 294 occurrences of earnings beats, the maximum return observed was only 0.95% at day two, which does not suggest any meaningful trend or consistent advantage. This lack of response signals that earnings beats in this sector do not translate into actionable short- or medium-term price momentum. Investors might consider focusing on other factors beyond earnings surprises within the Food Products Industry for trading decisions.

Backtest MKC Earning Beats

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