The earnings season is in full swing and most trending stocks are in the spotlight due to the release of their latest financial results.
Without further ado, let’s take a closer look at how First Midwest Bancorp Inc (NASDAQ:FMBI), Helix Energy Solutions Group Inc (NYSE:HLX), Interactive Brokers Group, Inc. (NASDAQ:IBKR), Intuitive Surgical, Inc. (NASDAQ:ISRG), and Manhattan Associates, Inc. (NASDAQ:MANH) each did for their respective last quarters and see what the smart money thinks about these companies.
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First Midwest Beats Estimates
First Midwest Bancorp Inc (NASDAQ:FMBI) earned $0.32 per share on revenue of $127.8 million in the second quarter, beating estimates by $0.02 and $1.44 million, respectively. Revenue increased by 15.7% year-over-year, while earnings per share inched up by 10%, excluding acquisition and integration related expenses. Revenue and earnings growth were in part caused by total loan growth of 17%, and management reducing the efficiency ratio to 61% from 62%. Book value per share ended June at $15.38 per share, up from $14.43 last year. Jim Simons’ Renaissance Technologies reported a stake of almost 400,000 shares of First Midwest Bancorp Inc (NASDAQ:FMBI) as of the end of March.
Helix Energy Posts In-Line Earnings, Revenue Miss
Helix Energy Solutions Group Inc (NYSE:HLX) reported mixed results for its second quarter, with in-line EPS of a loss of $0.10 per share and revenue of $107.27 million, missing the average analyst estimate by $24.18 million. Adjusted EBITDA was $14.9 million, down from $35.7 million one year ago. Although demand remains very weak given the low crude prices, management expects to see some improvement in the second half of the year versus the first half due to seasonal increases in demand from the North Sea and the start of the Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) contract in late 2016. A total of 16 investors tracked by Insider Monkey owned shares of Helix Energy Solutions Group Inc (NYSE:HLX) at the end of the first quarter.
On the next page, we find out why Interactive Brokers Group Inc, Intuitive Surgical Inc, and Manhattan Associates Inc are trending.