GXO Logistics (GXO) Soars 12.1%: Is Further Upside Left in the Stock?

Company Overview - GXO Logistics (GXO) shares increased by 12.1% to close at $47.97, with notable trading volume compared to typical sessions, and a 5.8% gain over the past four weeks [1] - The company appointed Patrick Kelleher as the new CEO, who has 33 years of global supply chain experience, previously working with DHL Supply Chain [2] Financial Performance - GXO is expected to report quarterly earnings of $0.50 per share, reflecting a year-over-year decline of 9.1%, while revenues are projected to be $3.08 billion, an increase of 8.1% from the previous year [3] - The consensus EPS estimate for GXO has been revised slightly higher in the last 30 days, indicating a potential for price appreciation [4] Industry Context - GXO operates within the Zacks Transportation - Air Freight and Cargo industry, where FedEx (FDX) also operates, closing 1.2% higher at $226.04, with a 2.1% return over the past month [4] - FedEx's consensus EPS estimate has decreased by 1.3% to $5.94, representing a year-over-year increase of 9.8%, and currently holds a Zacks Rank of 4 (Sell) [5]