{
  "report_rows": [
    {
      "kpi": "Adjusted EPS (FQ3'26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.72 vs. cons ~$1.68",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Underlying (organic) sales growth",
      "prediction": "IN-LINE",
      "answer": "pred ~5.0% vs. cons ~5.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. segment EBITDA margin",
      "prediction": "IN-LINE",
      "answer": "pred ~28.2% vs. cons ~28.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EPS guide",
      "prediction": "BETTER",
      "answer": "guide ~$6.55-6.60 (raise) vs. cons ~$6.55 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Underlying orders growth / book-to-bill",
      "prediction": "BETTER",
      "answer": "pred orders ~+5% (B:B ~1.05) vs. cons ~+4% (FQ3'26 trailing)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 underlying sales growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~3.0-3.5% vs. cons ~3.0% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY2026 free cash flow",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.5-3.6B vs. cons ~$3.55B (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Middle East recovery / rebuild opportunity",
      "prediction": "UNKNOWN",
      "answer": "pred ~$100M disruption tracking in-line vs. cons ~$100M (FY2026 bal.)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.0,
  "day5_path": "FADE",
  "day5_rationale": "Stock ran ~+13% in two weeks into the print, so a modest beat-and-raise is largely priced \u2014 classic sell-the-news setup. Out-period math works against follow-through: the FY EPS raise is small and the H2 ramp is back-end/Q4-loaded and lower-quality (project-mix margin pressure, China/Europe soft), so forward organic estimates get trimmed even after an EPS beat. Overbought positioning unwinds over the week; only a large upside orders/ACV surprise would flip it.",
  "day5_confidence": "LOW"
}