{
  "report_rows": [
    {
      "kpi": "Adjusted diluted EPS (Q4 FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.64 vs. cons $2.59",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Revenue (Q4 FY2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~$5.48B vs. cons $5.44B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Employer Services new-business bookings growth (FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~6.0% vs. cons 5.5%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Revenue growth",
      "prediction": "LOWER",
      "answer": "guide ~5.5% vs. cons 5.9% (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted diluted EPS growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~10.0% vs. cons 10.2% (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBIT margin expansion",
      "prediction": "BETTER",
      "answer": "guide ~80 bps vs. cons 70 bps (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "PEO Services revenue growth",
      "prediction": "LOWER",
      "answer": "guide ~5.0% vs. cons 6.1% (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Employer Services new-business bookings growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~5.5% vs. cons 5.5% (FY2027)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FY2027 revenue-growth guidance of ~5.5% vs. 5.9% consensus and PEO growth of ~5.0% vs. 6.1% should produce modest out-period estimate cuts despite an EPS beat; ~80 bps margin expansion vs. 70 bps limits, but does not eliminate, the negative revision pressure.",
  "day5_confidence": "MEDIUM"
}