{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.34 vs. cons $0.33",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Ford Pro adjusted EBIT",
      "prediction": "MISS",
      "answer": "pred ~$1.60B vs. cons $1.68B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Model e adjusted EBIT",
      "prediction": "MISS",
      "answer": "pred ~$(1.31)B vs. cons $(1.26)B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EBIT",
      "prediction": "UNCHANGED",
      "answer": "guide ~$9.50B midpoint vs. cons $9.55B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Adjusted free cash flow",
      "prediction": "UNCHANGED",
      "answer": "guide ~$5.50B midpoint vs. cons $5.50B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Ford Pro adjusted EBIT",
      "prediction": "UNCHANGED",
      "answer": "guide ~$7.00B midpoint vs. cons $7.00B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Novelis-related production recovery",
      "prediction": "UNCHANGED",
      "answer": "guide ~150K units vs. cons 150K units (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -3.4,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -5.1,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A small EPS beat is likely to be judged low quality if Ford Pro and Model e miss while FY2026 guidance remains unchanged. The unchanged $9.50B EBIT midpoint after a strong Q1 implies only about $4.1B of second-half EBIT versus roughly $4.3B embedded in consensus, driving estimate cuts after the initial reaction.",
  "day5_confidence": "MEDIUM"
}