Company share prices are influenced by market expectations of future earnings and dividend cash flows.

Analysts research companies to assess cash flows in advance of company announcements about expected and actual financial results.

As such the market is forward looking. Investors seek to exit in advance of anticipated bad news and position themselves in advance of good news. Responses to unanticipated changes are progressive but usually occur over short periods such as weeks and months.

As a result of the anticipatory nature of the market apparent anomalies occur. A company may announce record profits only to find its share price little changed.

Market Shares provides a matrix of price momentum compared separately to earnings and dividend forecasts. The forecasts are based on consensus growth expectations.

Logically, a positive change to forecast that does not result in price momentum has already been factored in by the market. A positive change to forecast that results in price momentum may indicate a buy opportunity