Expeditors International (EXPD Quick QuoteEXPD - Free Report) shares rallied 4.6% in the last trading session to close at $118.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7% gain over the past four weeks.

The uptick on Feb 2 marked the third straight day of gain for the EXPD stock. The uptrend may be owing to China ending its zero-Covid policy which implies that the economy is re-opening. This naturally bodes well for EXPD as it has significant Chinese exposure.

This logistics services provider is expected to post quarterly earnings of $1.88 per share in its upcoming report, which represents a year-over-year change of -29.3%. Revenues are expected to be $4.17 billion, down 22.7% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Expeditors International, the consensus EPS estimate for the quarter has been revised 4.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on EXPD going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Expeditors International is a member of the Zacks Transportation - Services industry. One other stock in the same industry, Daseke , finished the last trading session 0.1% higher at $7.45. DSKE has returned 33.1% over the past month.

Daseke's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.02. Compared to the company's year-ago EPS, this represents a change of -77.8%. Daseke currently boasts a Zacks Rank of #3 (Hold).