How do ORCL's earnings surprises impact investors?

Oracle's (ORCL) earnings surprises have historically led to positive short-to-medium-term gains for investors. The backtest data reveals that after an earnings beat expectation event, the 3-day win rate is 53.33%, the 10-day win rate is 60.00%, and the 30-day win rate is 66.67%. Although the immediate reaction is often muted, with 3-day and 10-day returns of 0.14% and 0.00%, respectively, the 30-day return is significantly higher at 2.54%, indicating that investors tend to recognize value over a longer horizon. The maximum return observed following an earnings beat was 12.25%, further suggesting that while there is some volatility, ORCL's positive earnings surprises can lead to substantial gains for patient investors.