{
  "report_rows": [
    {
      "kpi": "Q2'26 Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.73 vs. cons ~$0.70",
      "confidence": "LOW"
    },
    {
      "kpi": "Q2'26 Revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$3.45B vs. cons ~$3.42B",
      "confidence": "LOW"
    },
    {
      "kpi": "Q2'26 GAAP EPS (net income for common)",
      "prediction": "IN-LINE",
      "answer": "pred ~$0.70 vs. cons ~$0.69",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$6.00\u2013$6.20 (reaffirmed) vs. cons ~$6.10 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "5-yr Adjusted EPS CAGR algorithm",
      "prediction": "UNCHANGED",
      "answer": "guide ~6\u20137% vs. cons ~6\u20137% (2026\u20132030 off midpoint)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Equity issuance / ATM cadence",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.1B equity vs. cons ~$1.1B (FY2026, incl. $2B ATM)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2026\u20132030 Capex plan",
      "prediction": "UNCHANGED",
      "answer": "guide ~$38B vs. cons ~$38B ($6.6B in 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 0.4,
  "day1_confidence": "LOW",
  "day5_residual_pct": 0.3,
  "day5_path": "STABILIZE",
  "day5_rationale": "Q2 is ED's smallest quarter with decoupled, weather-normalized revenue, so the print itself carries little revision signal. A likely guidance reaffirmation ($6.00\u2013$6.20) and intact 6\u20137% algorithm keep out-period estimates anchored \u2014 no meaningful cuts or raises to drive momentum. The stock already de-rated ~4% (from ~$113 to $108) into the print alongside a weak XLU/rising-yield backdrop, so downside is cushioned. With no catalyst to revise numbers materially either way, the low-beta defensive trades sideways; residual drift dominated by rate/utility-sector macro rather than idiosyncratic follow-through. Risk skew: heavier equity-issuance commentary or O&M pressure could cap upside.",
  "day5_confidence": "LOW"
}