The backtest results show that APOG experienced negative returns following earnings beats, with a 3-day win rate of 33.33% and a 30-day return of -1.40%. This indicates that despite expectations being exceeded, the stock tends to decline shortly after such events. The maximum return rarely grows positive within the tested timeframe, suggesting limited upside in the immediate aftermath.

This pattern reveals a counterintuitive market reaction to positive earnings surprises for APOG. Investors should be cautious and consider the potential risk of short-term losses when trading APOG post-earnings beat.

A defensive approach may be prudent given the tendency toward negative returns after positive earnings surprises.

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The backtest results show that the Building Products Industry experienced no significant impact following earnings beat events, with a maximum return of only 1.72% at 56 days. This minimal return suggests the event does not strongly influence stock performance within this sector over the studied period.

The lack of notable reaction indicates that earnings beats in this industry may not be a reliable catalyst for substantial price movements.

Investors should therefore be cautious about expecting meaningful gains in Building Products stocks solely based on earnings beat events.

Backtest APOG Earning Beats Expectations

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