When the hosts of the PreMarket Prep Show have opposing opinions on the upcoming price action in a particular issue, they will make a “lunch bet.” The issue that was being debated on Tuesday’s show was Dick’s Sporting Goods Inc (NYSE:DKS).
The Catalyst: Before the opening, the company reported quarterly earnings of $3.64 per share, which beat the analyst consensus estimate of $3.43 by 6.12%. The company reported quarterly sales of $3.35 billion, which beat the analyst consensus estimate of $3.29 billion by 1.82%.
