{
  "report_rows": [
    {
      "kpi": "Q2 2026 EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.56 vs. cons ~$1.51",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Total Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.555B vs. cons ~$1.53B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Operating Ratio",
      "prediction": "MISS",
      "answer": "pred ~73.1% vs. cons ~72.7%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 sequential OR improvement (seasonal)",
      "prediction": "LOWER",
      "answer": "guide ~100-125bps sequential improvement (implying ~72.0% OR) vs. cons ~150bps improvement to ~71.3% (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "LTL tons per day y/y trend into Q3",
      "prediction": "BETTER",
      "answer": "guide ~flat-to-(1)% y/y (continued narrowing) vs. cons ~(2.5)% y/y (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Capex framework",
      "prediction": "BETTER",
      "answer": "guide ~$300M vs. prior/cons ~$265M (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FADE",
  "day5_rationale": "Stock is priced for perfection (near/above avg PT after ~47% YTD run) heading into the print, so a modest headline EPS/revenue beat driven mostly by fuel-surcharge pass-through is unlikely to be enough \u2014 similar to KNX/R beats that still sold off. The OR miss vs. the 300-350bp seasonal norm, combined with management's explicit 2022 fuel-cost-headwind analog, gives sell-side room to trim forward OR/margin estimates even after a top-line beat, and tonnage still running negative y/y keeps the volume-inflection thesis unconfirmed \u2014 implicit out-period margin cuts should pull the stock lower over the following days rather than stabilize or extend an initial pop.",
  "day5_confidence": "MEDIUM"
}