Zoltek (ZOLT) Misses Wall St Estimates, Takes A Step Back But Sees Better Results In 2nd Half

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12:11:33 am on February 9, 2010

It may be awhile before Zoltek (ZOLT) returns to the glory days of 2006/2007 when the company was reporting big sales and profits growth.  Revenues continue to slide just as they have over the past two years and that trend isn’t showing any signs of abating.  The company missed Wall St estimates of $33 million in revenue by posting $29 million, a 25% decrease from the year ago quarter.  EPS was .02 share better than what analysts expected at -.01/share, but a loss is a loss.  The bottom line isn’t that Zoltek isn’t yet showing any signs of turning the corner which is why the stock appears to be making another run towards the 2009 lows.

The CEO tried to put a positive spin on the quarter saying the results were “disappointing, though not quite as bad they might look at first.”  Not exactly confidence invoking words.  He said that most of the sequential decrease in revenues was due to one of its largest customers moving to a just in time inventory system, but that the customer is expected to need an increasing amount of carbon fiber towards the latter half of 2010. 

Ok, we’ll give ZOLT a pass this quarter, but the pressure is on to turn the corner by the 2nd half of the year!

::: >>> Click Here For Your FREE Zoltek Analysis

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I cannot give ZOLT any ”free pass”’, they have continually missed and missed………

the CEO spins anything but never approaches the truth………

Nope, ZOLT is NEVER a buy in my book

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