The substantial beat on both earnings per share (EPS) and sales estimates for Q1 2024 suggests that Universal Logistics Holdings is performing well above market expectations. This strong performance, especially when significantly surpassing analyst estimates, is likely to positively influence investor sentiment and could lead to a short-term increase in stock price. The reported growth in sales compared to the same period last year further reinforces the company's growth trajectory, making this news highly relevant and important for investors.