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Based on the attached EA screen showing the recent quarterly aggregate surprise earnings of the 1 2 S&P 5 0 0 sectors and their following

Based on the attached EA screen showing the recent

quarterly aggregate surprise earnings of the $12$ S&P $500$

sectors and their following $1 -$ day price reaction, what can

we infer about the predictability of earnings surprises on

price reactions?

Earnings surprises are not a good predictor of stock price reactions.

Earnings surprises are good predictor of stock price reactions when they are positive.

Earnings surprises are a strong predictor of stock price reactions.

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