Nearly 75% of the S&P 500 members have already reported their quarterly results as of May 4, 2016. Total earnings for these 374 index members are down 7.5% from the same period last year on 1.9% lower revenues.First quarter results of the companies in the technology sector have so far been disappointing with weaker-than-expected numbers from behemoths like Apple AAPL, Microsoft MSFT and Alphabet GOOGL. This is in stark contrast to the general trend this earnings season, wherein low expectations have provided an easy-to-beat hurdle for most companies. Notably, as of May 4, total earnings of all the companies, representing 86% of the tech sector’s total market capitalization in the S&P 500 index, were down 5.8% on 1% higher revenues.Furthermore, the earnings scenario for the overall tech sector remains gloomy, with the Zacks Earnings Trend predicting a 5.2% year-over-year decline in the quarter, despite a modest sales growth projection of 2.2%.Let’s see what awaits these four Internet stocks, all of which are scheduled to release their quarterly numbers on May 9, 2016.Cvent, Inc.CVT has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). Our proven model does not conclusively show that Cvent is likely to beat earnings this quarter. This is because the company lacks the right combination of two key ingredients – a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a favorable Zacks Rank.Globant S.A.GLOB also has an Earnings ESP of 0.00% and a Zacks Rank #3. The combination of Globant’s Zacks Rank #3 and 0.00% ESP makes surprise prediction difficult.Rackspace Hosting, Inc RAX has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). We caution against Sell-rated (Zacks Rank #4 or #5) stocks going into the earnings announcement. Therefore, Rackspace Hosting does not fulfill the criteria required for an earnings surprise call.Global Eagle Entertainment Inc. ENT has again a combination of a Zacks Rank #3 and 0.00% ESP, which makes earnings surprise prediction difficult.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RACKSPACE HOSTG (RAX): Free Stock Analysis Report GLOBANT SA (GLOB): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report GLOBAL EAGL ENT (ENT): Free Stock Analysis Report CVENT INC (CVT): Free Stock Analysis Report To read this article on Zacks.com click here.