Shares in Seek, an employment services provider, fell sharply by 9.1% to A$23.42, marking their worst trading day since February 24, 2021 (ASX:SEK).

This drop makes Seek the most significant loser on the benchmark.

The company projects FY24 earnings before interest, tax, depreciation and amortisation (EBITDA) to land between A$520 million and A$560 million.

Unfortunately, this estimate falls short of the Visible Alpha consensus of A$581 million.

Seek closed their full financial year reporting an EBITDA of A$546.1 million, on a revenue of A$1.3 billion.

The company’s stock plunged to its lowest since August 10, despite gaining an overall 22.9% this year up until the last close.

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