Earnings Watch For May 7 (HTZ, CTSH, TAP, EXPD, PRU)

(RTTNews) - Car and equipment rental provider Hertz Global Holdings, Inc. (HTZ), the parent company of Hertz Corp., is slated to report first quarter results before the markets open. The Park Ridge, New Jersey-based is expected to post earnings of $0.09 per share, a sharp decline from the year-ago quarter's $0.21 per share. However, the company is anticipated to generate revenues of $2.56 billion compared with $2.44 billion in the prior-year quarter. The stock closed Tuesday at $28.30. (52-wk H/L $29.81/$19.73)

Cognizant Technology Solutions Corp. (CTSH), a provider of IT, consulting, and BPO services, is due to post its quarter results before the opening bell. The company is expected to earn $0.55 per share on revenues of $2.43 billion. In the prior year, the company reported earnings of $0.47 per share on revenues of $2.02 billion. The company's shares closed Tuesday's trade at $49.20. (52-wk H/L $54.00/$30.46)

Molson Coors Brewing Co. (TAP), which makes Coors Light and Blue Moon beers, is scheduled to report its first quarter results. The earnings of the Denver, Colorado-based company are expected to grow to $0.35 per share from $0.30 per share last year, whereas revenues are projected to decline to $818.43 million from the prior year's $828.50 million. TAP closed Tuesday at $59.77. (52-wk H/L $60.90/$46.94)

Global logistics company Expeditors International of Washington, Inc. (EXPD) will post its first quarter results. The earnings of the company are expected at $0.42 per share, up from the previous year's $0.39 per share. Quarterly revenues are anticipated to rise to $1.49 billion from $1.41 billion last year. The stock closed Tuesday at $41.25.(52-wk H/L $46.90/$36.45)

Life insurer Prudential Financial, Inc. (PRU) is expected to post first quarter results after the market closes. The New Jersey-based company's earnings are expected to fall to $2.26 per share from the prior year's $2.28 per share, while revenues are projected at $11.72 billion, down from $11.83 billion reported a year ago. The company's shares closed Tuesday's regular trading at $80.11. (52-wk H/L $92.68/$64.30)

Allergan Inc. (AGN), Chesapeake Energy Corp. (CHK), Devon Energy Corp. (DVN), Ligand Pharmaceuticals Inc. (LGND), Mondelez International, Inc. (MDLZ), Talisman Energy Inc. (TLM.TO), Tim Hortons Inc. (THI.TO), Avis Budget Group Inc. (CAR) , Ctrip.com International Ltd. (CTRP) , Dynegy Inc. (DYN), Hain Celestial Group, Inc. (HAIN), Protective Life Corp. (PL) and TW Telecom Inc. (TWTC) are also scheduled to report their results.