Filling in the GAAPs in Individual Analysts’ Street Earnings Forecasts

The authors thank Erik Beardsley, Larry Brown, Brian Bushee, Peter Easton, Andrew Imdieke, Zach Kaplan, Zach Kowaleski, Rick Mendenhall, Casey Schwab, Phil Shane (FARS discussant), Stan Markov (CUHK discussant), Dan Taylor, David Veenman, Jessie Watkins, Eric Weisbrod, Ben Whipple, Wuyang Zhao, and participants at the 2018 Financial Accounting and Reporting Section Midyear Meeting, University of Alberta, University of Arizona, Arizona State University, the CUHK Accounting Research Conference, University of Central Florida, Indiana University, and London Business School for helpful comments. The authors thank Yifing Xie and Zach Kaplan for sharing their code to identify the analysts’ forecasts, which I/B/E/S excludes from the consensus. The authors thank Kurt Gee and his co-authors for sharing their data set of firms’ non-GAAP earnings disclosures.