{
  "report_rows": [
    {
      "kpi": "Q2'26 Total Revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.695B vs. cons $1.696B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2'26 Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$2.25 vs. cons $2.21",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2'26 U.S. Mortgage Revenue Growth (y/y)",
      "prediction": "MISS",
      "answer": "pred ~+13% vs. cons/guide +20%+",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Revenue Guidance",
      "prediction": "LOWER",
      "answer": "guide ~$6.70B vs. cons ~$6.75B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Adjusted EPS Guidance",
      "prediction": "LOWER",
      "answer": "guide ~$8.48 vs. cons $8.56 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 / FY26 Mortgage Revenue Growth Framework",
      "prediction": "LOWER",
      "answer": "guide ~+10-14% vs. prior framework +20%+ (Q3-Q4 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "VantageScore/FHFA EBITDA Upside Baked into Guidance",
      "prediction": "UNKNOWN",
      "answer": "guide ~$0M included vs. ~$35M potential annual EBITDA upside not yet reflected (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Circulo de Credito Deal Accretion/Timing Commentary",
      "prediction": "UNCHANGED",
      "answer": "guide ~closing H2 2026, immaterial to FY26 vs. cons expecting ~$0 FY26 EPS contribution (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -4.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "EPS likely beats on cost/AI-margin leverage but mortgage revenue growth undershoots the 20%+ full-year framework as 30Y rates sit at 6.55%+, well above the assumptions embedded in April guidance; a trim to FY26 revenue/EPS guidance (mirroring the Q1 pattern where even a guidance 'hold' after a beat triggered a 13.7% one-day drop and a subsequent slide to 52-week lows by June) implies analysts will push out-period mortgage and Diversified Markets estimates down further post-print, with sell-side models re-cutting FY26/FY27 numbers over the following days rather than stabilizing, since the Iran-conflict rate overhang and lack of a near-term VantageScore/FHFA catalyst leave no offsetting positive revision driver.",
  "day5_confidence": "MEDIUM"
}