Five Stocks in Spotlight Following Earnings Reports

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.
Interactive Brokers Turns In Mixed Results

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares opened in the red after the brokerage reported mixed results. For the three months ended June 30, Interactive Brokers earned $0.36 per share on revenue of $369 million, beating the bottom-line consensus estimate by $0.01 per share, but missing the top-line estimate by $4.11 million. Given the bull market, customer accounts rose by 15% to 357,000 while total Daily Average Revenue Trades (DARTs) appreciated by 5% year-over-year to 648,000. The company’s electronic brokerage pretax profit margin was 62%, down from 65% one year ago. Among the funds we track, 26 funds owned $1.04 billion worth of Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock, which accounted for 6.50% of the float on March 31, versus 37 funds and $1.01 billion, respectively, a quarter earlier.

Intuitive Surgical Delivers a Solid Quarter

Intuitive Surgical, Inc. (NASDAQ:ISRG) shares are in the green today after the robotic surgical tech company reported earnings of $5.62 per share on revenue of $670 million for the second quarter, beating the average analyst estimates by $0.65 per share and $29.31 million, respectively. Revenue advanced by 14.3% year-over-year, led by strong demand for the company’s systems products, which jumped by 15.2% year-over-year. The number of Da Vinci shipments for the quarter stood at 15. Intuitive’s instruments and accessories revenue also rose by 14.3% year-over-year. Among the investors in our database, 27 funds owned shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) at the end of March, unchanged from the previous quarter.

Manhattan Associates Posts Results Ahead of Expectations

Traders are watching Manhattan Associates, Inc. (NASDAQ:MANH) today after the firm beat both bottom and top line estimates by $0.05 per share and $1.19 million, respectively, with EPS of $0.49 on revenue of $154.9 million for the second quarter. Sales gained 11.4% year-over-year as the company continues to invest in retail, omni-channel, and distribution management solutions to increase growth. For full year 2016, management sees revenue of $615 million to $620 million and adjusted EPS of $1.78 to $1.81. The adjusted EPS guidance is slightly better than the previous guidance of $1.73 to $1.76. The number of funds tracked by us with holdings in Manhattan Associates, Inc. (NASDAQ:MANH) fell by two quarter-over-quarter to 21 at the end of March.

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