Backtest
The backtest results indicate that VEON's earnings beats lack sufficient data to confirm any consistent price reaction, while earnings misses tend to lead to a notable decline in stock price, with a negative average return of -7.79% over 30 days. In contrast, the Wireless Telecommunication Services Industry shows no significant price impact from either earnings beats or misses. This suggests that VEON's individual earnings performance has a stronger influence on its stock than broader industry trends. Investors should be cautious with VEON earnings misses and seek additional data for earnings beats before making decisions.
