{
  "report_rows": [
    {
      "kpi": "Q2 2026 core EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.52 vs. cons $1.47",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 revenue",
      "prediction": "BEAT",
      "answer": "pred ~$11.30B vs. cons $11.18B",
      "confidence": "LOW"
    },
    {
      "kpi": "Q2 2026 Advisory revenue",
      "prediction": "BEAT",
      "answer": "pred ~$2.34B vs. cons $2.29B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Full-year core EPS",
      "prediction": "BETTER",
      "answer": "guide ~$7.85 midpoint vs. cons $7.73 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Critical-infrastructure-services revenue growth",
      "prediction": "BETTER",
      "answer": "guide ~62% vs. cons ~60% (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.4,
  "day1_confidence": "LOW",
  "day5_residual_pct": 1.2,
  "day5_path": "FADE",
  "day5_rationale": "A ~$7.85 FY2026 guide midpoint less predicted first-half EPS of ~$3.13 implies second-half EPS of ~$4.72, only modestly above the pre-report implied consensus of ~$4.65. The recurring-services and Advisory beat should support the initial reaction, but limited out-period estimate upside and CBRE's history of fading after strong prints should surrender part of the day-1 gain.",
  "day5_confidence": "LOW"
}