{
  "report_rows": [
    {
      "kpi": "Adjusted EPS (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.49 vs. cons $1.47",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted Revenue (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$3.39B vs. cons $3.38B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. EBITDA / PF margin expansion (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$1,415M (+~90bps PF) vs. cons ~$1,405M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 Adjusted EPS guide",
      "prediction": "UNCHANGED",
      "answer": "guide reiterated ~$6.27 mid ($6.22\u2013$6.32) vs. cons ~$6.27 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 pro forma revenue growth guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~5.4% mid (5.1\u20135.7%) vs. cons ~5.4% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Reported recurring revenue reacceleration (thesis crux)",
      "prediction": "UNKNOWN",
      "answer": "pred ~5.0% vs. cons/implied ~5.0% (2H26); ACV +24% not yet converting",
      "confidence": "LOW"
    },
    {
      "kpi": "TSYS/Issuer cost synergies 2026",
      "prediction": "UNCHANGED",
      "answer": "guide $30\u201340M on-track vs. cons ~$35M (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -5.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Likely beat-and-reiterate (EPS ~$1.49 vs $1.47) but no raise, with recurring growth only in-line despite +24% ACV \u2014 insufficient for a show-me stock that ran ~+12% off its July-23 low ($40\u2192$47\u2192$44.79) into the print. FIS fell ~8% on its Q1 beat; the elevated bar plus 2H-weighted implied ramp forces modest out-period estimate trims, so the day-1 sell-the-news drift continues lower. Cheap ~7x valuation and Buy-rated Street (~$57\u201360 PTs) cushion but don't reverse it. Beta ~1.1.",
  "day5_confidence": "LOW"
}