{
  "report_rows": [
    {
      "kpi": "Adjusted diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.91 vs. cons $1.86",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total segment operating income",
      "prediction": "IN-LINE",
      "answer": "pred ~$5.34B vs. cons $5.30B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Experiences segment operating income",
      "prediction": "BEAT",
      "answer": "pred ~$2.89B vs. cons $2.85B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 adjusted EPS outlook, including the 53rd week",
      "prediction": "BETTER",
      "answer": "guide ~$6.88 vs. cons $6.83 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2027 adjusted EPS growth outlook, excluding the 53rd week",
      "prediction": "BETTER",
      "answer": "guide ~$7.57 vs. cons $7.45 (FY2027)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY2026 share repurchase target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$8.0B vs. cons $8.0B (FY2026)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A ~$1.91 vs. $1.86 EPS beat combined with ~$5.34B vs. $5.30B segment OI should support upward FY2026/FY2027 revisions if Disney reaffirms ~$6.88 vs. $6.83 FY2026 adjusted EPS and implies ~$7.57 vs. $7.45 for FY2027. The key is that the beat is expected to be Experiences- and streaming-margin-led rather than a below-the-line or timing-driven result, limiting the risk of out-period estimate cuts.",
  "day5_confidence": "MEDIUM"
}