Backtest
The backtest results reveal that APOG generally experiences negative returns after beating earnings expectations, with a 30-day return of -1.15% and a modest 50% win rate. This contrasts with typical market reactions where earnings beats lead to positive price movements. In the broader Building Products Industry, earnings beats do not significantly influence stock returns, with only minor gains observed well after the event. Investors should be cautious, as APOG’s earnings beats might signal potential downside and limited profitable opportunities within the industry.
