Shares in Australia’s WiseTech Global (ASX:WTC) have plunged by 14.3%, bringing their value down to A$74.22.

The logistics software company is anticipating an EBITDA between A$455 million and A$490 million in FY24.

This estimation lies 14% beneath consensus estimates.

Moreover, the company predicts FY24 to be more heavily weighted towards the second half, as contrasted with FY23.

Currently, WiseTech Global (ASX:WTC) is the poorest performing stock on the AXJO benchmark index.

Despite this, the share has risen 70.6% throughout this year, based on figures up until the last closing.

WiseTech Global (ASX:WTC) is a logistics software company based in Australia that specializes in creating efficiencies in the supply chain.