{
  "report_rows": [
    {
      "kpi": "Total contract-value growth, FX-neutral",
      "prediction": "MISS",
      "answer": "pred ~1.6% vs. cons 1.9%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA excluding divested operation",
      "prediction": "BEAT",
      "answer": "pred ~$442M vs. cons $431M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.90 vs. cons $3.75",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Total contract-value growth commentary",
      "prediction": "LOWER",
      "answer": "guide ~3.0% vs. cons 3.5% (Q4 2026 exit rate)",
      "confidence": "LOW"
    },
    {
      "kpi": "Adjusted revenue",
      "prediction": "UNCHANGED",
      "answer": "guide ~$6.43B vs. cons $6.43B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA excluding divested operation",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.57B vs. cons $1.58B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "BETTER",
      "answer": "guide ~$13.75 vs. cons $13.68 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Free cash flow",
      "prediction": "BETTER",
      "answer": "guide ~$1.20B vs. cons $1.19B (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -7.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A profit beat and buyback-driven EPS increase are unlikely to offset below-consensus contract-value growth. Softer ex-federal acceleration would reduce 2027 Insights revenue estimates, producing negative revisions after the initial reaction.",
  "day5_confidence": "MEDIUM"
}