RXO (RXO) Soars 8.5%: Is Further Upside Left in the Stock?

Group 1 - RXO shares experienced an 8.5% increase in the last trading session, closing at $29.39, with a notable trading volume compared to typical sessions, and a total gain of 35.1% over the past four weeks [1] - RXO has gained over 44% in the last month, driven by a significant deal with UPS to acquire Coyote Logistics for more than $1 billion, which has positively impacted RXO's stock performance [2] - RXO is expected to report quarterly earnings of $0.02 per share, reflecting a year-over-year decline of 75%, with revenues projected at $949.34 million, down 1.4% from the previous year [3] Group 2 - The consensus EPS estimate for RXO has been revised 7% lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] - RXO holds a Zacks Rank of 3 (Hold), indicating a neutral outlook within the Zacks Transportation - Services industry [4] - Another company in the same industry, Global Business Travel Group, Inc. (GBTG), has a consensus EPS estimate of -$0.03, unchanged over the past month, representing an 87% increase compared to the previous year's EPS [5]