The backtest results show that WMT has a 60% win rate at 3 and 10 days, increasing to 90% at 30 days after earnings beats, with returns rising from 0.53% at 3 days to 1.94% at 30 days. This indicates a strong positive price reaction that strengthens over time, peaking at a 4.27% maximum return around day 53. The data suggests that WMT's stock tends to perform well following earnings beats, with the most significant gains realized in the medium term. Investors might consider holding WMT for up to a month post-earnings beat to maximize returns.

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The backtest results show that the Consumer Staples Distribution & Retail Industry experienced a positive impact following earnings beats, with a maximum return of 1.09% occurring on day 29. This indicates a modest but consistent upward price movement in the industry after outperforming earnings expectations.

The results suggest that while the magnitude of gains is limited, the positive trend is sustained over a medium-term horizon, reflecting investor confidence in the sector's earnings strength.

Investors might consider maintaining or initiating positions in this industry after earnings beats to capture these incremental gains.

The backtest results reveal that Walmart's earnings beat positively impacts the Trading Companies and Distributors industry, while the Personal Care Products sector experiences a negative effect. This outcome reflects strong retail demand boosting supply chain-related industries, whereas consumers shift spending away from discretionary personal care items. The contrasting industry responses align with typical economic behavior following robust consumer spending signals.

This pattern suggests that Walmart's earnings surprises serve as a reliable indicator for sector rotation between retail supply chain beneficiaries and discretionary consumer goods.

Investors might consider overweighting distribution sectors and underweighting personal care products after Walmart reports an earnings beat.

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Backtest WMT Earning Beats

Find all upcoming company earnings reports scheduled for nov 20 2025. Get details on which companies are reporting and their expected results.

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