Expectations Matter: When (Not) to Use Machine Learning Earnings Forecasts

The authors thank two anonymous reviewers, Karthik Balakrishnan, Sudipta Basu, Matt Bloomfield, Mark Bradshaw, Sean Cao, Mike Chen, Braiden Coleman, Joe Comprix, Sandip Dhole, Paul Fischer, Mukesh Garg, Rebecca Hann, Jie He, Frank Heflin, Steven Malliaris, Michael Kimbrough, K. Ramesh, Willie Reddic, Sandra Schafhaütle, Karen Ton, Ben Whipple, Mark Zakota, Dexin Zhou, and seminar participants at the Chinese University of Hong Kong, the University of Georgia, the University of Maryland, Monash University, Nanyang Technological University, Rice University, Singapore Management University, Syracuse University, and the Villanova University Fall Accounting Conference for helpful comments and suggestions.