{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$5.03 vs. cons $4.95",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$4.14B vs. cons $4.08B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Ratings revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.35B vs. cons $1.31B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EPS guidance",
      "prediction": "LOWER",
      "answer": "guide ~$19.05 midpoint vs. cons $19.49 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Organic constant-currency revenue growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~7.0% midpoint vs. cons 7.1% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted operating margin expansion guidance",
      "prediction": "BETTER",
      "answer": "guide ~62.5 bps midpoint vs. cons 60 bps (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.6,
  "day5_path": "FADE",
  "day5_rationale": "Initial upside from the EPS and Ratings beats should fade as post-spin models reset to the lower ~$19.05 FY2026 EPS guide versus ~$19.49 consensus, pulling Q3-Q4 and 2027 estimates down despite solid underlying operations.",
  "day5_confidence": "MEDIUM"
}