{
  "report_rows": [
    {
      "kpi": "Adjusted EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.24 vs. cons ~$2.20",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.70B vs. cons ~$1.69B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "U.S. mortgage revenue growth (the stock-mover, given hawkish rate turn)",
      "prediction": "MISS",
      "answer": "pred ~+17% vs. cons ~+21%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 adjusted EPS guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~$8.34-8.74 (mid $8.54) vs. cons ~$8.55 (FY2026); market wanted a raise",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 revenue guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~$6.70-6.80B (mid $6.75B) vs. cons ~$6.78B (FY2026); maintained not raised",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 revenue guide",
      "prediction": "LOWER",
      "answer": "guide ~$1.74B vs. cons ~$1.77B (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Q3 2026 adjusted EPS guide",
      "prediction": "LOWER",
      "answer": "guide ~$2.28 vs. cons ~$2.33 (Q3 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Repeat of the last two 'sell-the-beat' prints: a modest headline beat but guidance only maintained (not raised) against a hawkish rate backdrop with mortgage tracking below the >20% framework. Out-period math forces implicit cuts \u2014 Q3/FY sell-side estimates drift down even after the Q2 beat \u2014 so the initial negative reaction extends rather than reverses. Only a VantageScore/FHFA activation surprise or clearly constructive May-June mortgage run-rate commentary would stabilize it; base case is continued downward drift.",
  "day5_confidence": "LOW"
}