Earnings call scripts generation with large language models: A study of
few-shot prompting and fine-tuning methods
Abstract
Company earnings calls are crucial events that provide transparency into
a company’s financial health and prospects. Large language models (LLMs)
offer a promising approach to automatically generate the first draft of
earnings call scripts from financial data and past examples. We evaluate
two methods: 1) Few-shot prompt engineering with a state-of-the-art
model, and 2) Fine-tuning a language model on earnings call transcript
data. Our results indicate both approaches can produce coherent scripts
covering key metrics, updates, and guidance. However, there are
trade-offs in comprehensiveness, hallucinations, writing style, ease of
use, and cost. We discuss the pros and cons of each method to guide
practitioners on effectively leveraging large language models for this
financial communication task.