GXO Logistics (GXO) saw its shares surge 12.1% to close at $47.97, attributed to unusually high trading volume. The stock has increased by 5.8% over the past four weeks. This rise follows the announcement of industry veteran Patrick Kelleher as the new CEO, bringing 33 years of global supply chain experience. He is set to begin his role on August 19, 2025.
In the upcoming quarterly earnings report, GXO is expected to post earnings of $0.50 per share, reflecting a year-over-year decrease of 9.1%. Projected revenues stand at $3.08 billion, an increase of 8.1% from the previous year. The consensus EPS estimate has seen a slight upward revision over the past 30 days.
GXO currently holds a Zacks Rank of #3 (Hold). Meanwhile, shares of FedEx (FDX) increased by 1.2% to $226.04, with a consensus EPS estimate of $5.94, indicating a 9.8% rise compared to the prior year. FedEx holds a Zacks Rank of #4 (Sell).
