A - beat + raise
B - confirm, no lift
C - comp / margin miss
Priced-in turnaround: the Q2 surprise routes the same elevated price to rally or retreat
Q1 beat
raised FY26 frame
Shares re-rate
above street target
Priced in
near 52-wk high
Q2 print
at elevated bar
Q2 unreported — branches are forward hinges
GATE
marginal surprise vs. lifted bar
Beat + raise
RALLY
52-wk high
street target
guidance bar
today
clears bar, leg up
Confirm, no lift
RETREAT
52-wk high
street target
guidance bar
today
holds, no lift
Comp / margin miss
RETREAT
52-wk high
street target
guidance bar
today
breaks bar, re-price