{
  "report_rows": [
    {
      "kpi": "Diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.78 vs. cons $1.71",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Intermodal operating margin",
      "prediction": "BEAT",
      "answer": "pred ~8.2% vs. cons 8.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "ICS gross profit margin",
      "prediction": "MISS",
      "answer": "pred ~11.3% vs. cons 12.0%",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Intermodal operating margin outlook",
      "prediction": "BETTER",
      "answer": "guide ~9.0% vs. cons 8.6% (Q4 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "ICS gross profit margin outlook",
      "prediction": "LOWER",
      "answer": "guide ~12.0% vs. cons 12.7% (2H 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Structural cost-removal run rate",
      "prediction": "BETTER",
      "answer": "guide ~$140 million vs. cons $130 million (FY2026 exit rate)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Dedicated net truck sales",
      "prediction": "UNCHANGED",
      "answer": "guide ~900 trucks vs. cons 900 trucks (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.6,
  "day5_path": "FADE",
  "day5_rationale": "The initial EPS beat and stronger Intermodal margin support a ~1.8% day-1 residual, but a ~0.6% five-day residual reflects fading enthusiasm as elevated purchased-transportation costs and below-consensus ICS margin assumptions constrain 2H 2026 and 2027 estimate revisions.",
  "day5_confidence": "MEDIUM"
}