The backtest results show that PL exhibits a strong positive reaction following earnings beats, with a 75% win rate over 3 days and an impressive 11.69% average return over 30 days. However, the 10-day win rate drops to 50%, indicating some short-term volatility. The maximum return of 14.8% typically occurs around day 45, suggesting sustained gains over time. This pattern implies that investors could benefit from holding PL stock for a longer period after an earnings beat to maximize returns, despite short-term fluctuations.

backtest_data

The backtest demonstrates that the IT Services industry reacts positively to earnings beats, with an average maximum return of 2.13% occurring around 51 days post-event. This finding reflects a consistent, though moderate, positive price movement following earnings surprises over a multi-year period.

The analysis indicates that the IT Services sector benefits from earnings beats but with relatively modest gains and a delayed peak performance, suggesting a gradual investor response rather than an immediate surge.

Investors might consider maintaining or initiating positions in IT Services stocks after earnings beats, anticipating steady medium-term appreciation rather than quick profits.

Backtest PL Earning Beats Expectations

Find all upcoming company earnings reports scheduled for sep 08 2025. Get details on which companies are reporting and their expected results.

Calendar