{
  "report_rows": [
    {
      "kpi": "2Q26 adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.51 vs. cons $1.47",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "NAST adjusted gross profit",
      "prediction": "BEAT",
      "answer": "pred ~$452M vs. cons $446M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Global Forwarding adjusted gross profit",
      "prediction": "MISS",
      "answer": "pred ~$158M vs. cons $169M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 adjusted EPS framework",
      "prediction": "LOWER",
      "answer": "guide ~$6.00 vs. cons $6.15 (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 personnel expense",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.30B vs. cons $1.30B (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 NAST productivity growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~10% vs. cons 10% (FY26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -4,
  "day1_confidence": "LOW",
  "day5_residual_pct": -5.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "EPS and NAST gross-profit-dollar upside are likely outweighed by a ~$6.00 FY26 framework versus ~$6.15 consensus, implying out-period estimate cuts, while the $604M advisory-verdict overhang keeps the risk discount elevated.",
  "day5_confidence": "LOW"
}