Universal Logistics Hldgs Q1 2024 GAAP EPS $1.99 Beats $0.73 Estimate, Sales $491.907M Beat $416.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Logistics Holdings (ULH) reported Q1 2024 earnings of $1.99 per share, surpassing the $0.73 estimate by 172.6%, with sales of $491.907M beating the $416.500M estimate by 18.10%. This represents a 12.46% increase in sales compared to the same period last year.

April 25, 2024 | 8:56 pm
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Universal Logistics Holdings reported significantly higher Q1 2024 earnings and sales than expected, indicating strong performance and growth.
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100