SSP
E.W. SCRIPPS Co
Research: Finviz ↗·Perplexity ↗
No convergence signal this quarter — shown because tracked funds have filed 13D/G on this stock.
News Summary
NegativeSSP reported Q2 2026 revenue of $490M (down from $517M in Q1) with a $1.2B shareholder loss driven by a $11.61/share non-cash goodwill impairment charge, signaling significant asset write-downs. While management implemented cost controls and guided to $225–250M in local political revenue for 2026, the analyst consensus downgraded the price target from $4.70 to $3.80, and consensus rating remains 'Hold,' reflecting investor skepticism about the turnaround.
Red flags
- •Goodwill impairment charge of $11.61 per share in Q2 indicates material overvaluation of prior acquisitions
- •Sequential revenue decline Q1 to Q2 ($517M to $490M)
- •Net leverage at 3.9x at Q1 end suggests elevated debt relative to earnings capacity
- •Wells Fargo price target cut 19% (from $4.70 to $3.80) on Aug. 11, 2026
- •Analyst consensus 'Hold' rating with no price upside implied
- •Ongoing organizational restructuring and leadership changes suggest operational challenges
Fund 13D/13G Filings (1)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).