JBL – Market expectations are for record-low Uniform ROA, but management is confident about growth, EPS, and operating income

• Jabil Inc. (JBL:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.7x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is confident about their growth, EPS, and core income growth
• Specifically, management is confident their growth trajectory is ahead of schedule, and that they are on track to meet their full-year EPS target. Furthermore, they are confident in their ability to drive new business wins, and that they can continue to grow core operating income.