Shares of employment services provider, Seek (ASX:SEK) plunged as much as 9.9% to A$23.21 today; this could be their worst trading day since October 29th, 2020.

The sharp drop has made it the top loser on the benchmark ASX 200.

For its FY24, Seek predicts its Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) to fall between A$520 million and A$560 million.

This forecast falls short of the general consensus from Visible Alpha of A$581 million.

The company reported a full-year EBITDA of A$546.1 million, with a revenue of A$1.3 billion.

An analyst from Jefferies has labeled the company’s outlook commentary as ‘weak’, predicting that the stock will be sold off through the course of today’s trading.

Seek’s share prices dipped to their lowest level since July 21st.

Nevertheless, in spite of today’s slump, the share had increased by almost 23% this year, up to its last closing price.

Seek (ASX:SEK) is a global employment services provider.