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The backtest results indicate that KKR achieves an 81.82% win rate with a 4.81% average return over 30 days following earnings beats, showing strong medium-term positive price reactions. In contrast, the broader Capital Markets industry shows no significant price impact from earnings beats, while KKR's beat positively influences the Capital Markets sector but negatively affects the Leisure Products sector. This suggests that KKR's earnings surprises drive sector rotation and investor confidence in financial markets. Investors might consider a medium-term holding strategy in KKR and adjust sector exposure by overweighting Capital Markets and underweighting Leisure Products after KKR's earnings beats.