{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "MISS",
      "answer": "pred ~$9.55 vs. cons $10.05",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Residential Broadband Net Adds (losses)",
      "prediction": "MISS",
      "answer": "pred ~-160K vs. cons -142K",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Revenue",
      "prediction": "MISS",
      "answer": "pred ~$13.30B vs. cons $13.51B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EBITDA Growth (ex-transition costs)",
      "prediction": "LOWER",
      "answer": "guide ~1.5% growth vs. cons ~3.0% growth (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Residential Internet ARPU Growth",
      "prediction": "LOWER",
      "answer": "guide ~0.0% vs. cons ~+1.0% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Capital Expenditures",
      "prediction": "UNCHANGED",
      "answer": "guide ~$11.4B vs. cons $11.4B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Cox Transaction Synergy Target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$800M vs. prior/cons $800M (multi-year, post-close run-rate)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Net Debt/EBITDA Leverage (Cox pendency)",
      "prediction": "UNCHANGED",
      "answer": "guide ~4.25x vs. cons ~4.20x (Q2 2026, pre-Cox close)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -9.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -13.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Implicit full-year EBITDA/ARPU guide-downs plus a 5th consecutive EPS miss should trigger further negative estimate revisions into and beyond the print, echoing the Q1 pattern where the stock kept sliding ~8-9% in the days after the initial post-earnings drop as sell-side models were cut. With no offsetting catalyst before the Aug 13 CPUC vote (three weeks out) and Zacks ESP already deeply negative, out-period math (weaker ARPU/EBITDA trajectory feeding FY26-27 consensus) argues for continued drift lower rather than a snap-back, though the stock's already-depressed valuation (84% off highs) caps the magnitude versus the Q1 shock.",
  "day5_confidence": "MEDIUM"
}