{
  "report_rows": [
    {
      "kpi": "Fiscal Q4 revenue",
      "prediction": "BEAT",
      "answer": "pred ~$5.49B vs. cons $5.43B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Fiscal Q4 adjusted diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$2.66 vs. cons $2.63",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Employer Services new-business bookings growth",
      "prediction": "BEAT",
      "answer": "pred ~7.5% vs. cons 6.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Fiscal 2027 total revenue growth",
      "prediction": "LOWER",
      "answer": "guide ~5.5% vs. cons 6.0% (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Fiscal 2027 adjusted EBIT-margin expansion",
      "prediction": "LOWER",
      "answer": "guide ~60 bps vs. cons 70 bps (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Fiscal 2027 adjusted diluted EPS growth",
      "prediction": "LOWER",
      "answer": "guide ~8.5% vs. cons 9.5% (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Fiscal 2027 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": -4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A ~1% quarterly revenue/EPS beat is likely outweighed by FY2027 revenue growth of ~5.5% versus ~6.0% consensus and EPS growth of ~8.5% versus ~9.5% consensus; the ~$0.10 implied out-period EPS shortfall should drive estimate cuts despite a solid Q4 finish.",
  "day5_confidence": "MEDIUM"
}