{
  "report_rows": [
    {
      "kpi": "Adj. Operating EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$3.32 vs. cons $3.23",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. Operating Ratio (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~58.7% vs. cons 59.19%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Operating Revenue (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~$6.75B vs. cons $6.70B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY 2026 Adj. EPS (FY 2026)",
      "prediction": "LOWER",
      "answer": "guide mid-single digit (~$12.35 midpoint) vs. cons $12.71",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY 2026 Adj. OR (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "reaffirm OR improvement vs. cons 58.97%",
      "confidence": "HIGH"
    },
    {
      "kpi": "Volume/Demand Tone (qualitative)",
      "prediction": "BETTER",
      "answer": "upgrade from muted to improving vs. prior muted",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Merger/STB (qualitative)",
      "prediction": "UNCHANGED",
      "answer": "reaffirm mid-2027 close; supplemental on track",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.0,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 formal guidance reaffirmation removes upward revision catalyst; sell-side models flat; short-interest bid limits but does not reverse the fade",
  "day5_confidence": "MEDIUM"
}