{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.36 vs. cons $3.30",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$3.20B vs. cons $3.15B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted operating ratio",
      "prediction": "IN-LINE",
      "answer": "pred ~66.6% vs. cons 66.7%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 adjusted operating-cost guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$8.30B vs. cons $8.30B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY2026 structural productivity savings",
      "prediction": "UNCHANGED",
      "answer": "guide ~$150M vs. cons $150M (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Merger-related competitive revenue headwind",
      "prediction": "UNCHANGED",
      "answer": "guide ~1.0% of revenue vs. cons 1.0% of revenue (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.8,
  "day5_path": "STABILIZE",
  "day5_rationale": "A modest EPS and revenue beat, with OR essentially in line, should support an initial positive reaction; however, unchanged ~$8.30B FY2026 costs and ~$150M productivity guidance imply limited upward out-period estimate revision after fuel, merger-related leakage, and second-half demand risks are retained.",
  "day5_confidence": "MEDIUM"
}