Shares of Australia’s Link Administration (ASX:LNK) saw a decline of as much as 1.5%, plummeting to A$1.3, marking their lowest dip since September 21.

This development followed as Analysts at Macquarie revised their earnings estimates downward for the share registry firm, attributing the adjustments to escalating interest expenses.

The earnings expectations were cut by 11.5% and 13.6% for fiscal years 2024 and 2025 respectively.

Projections indicate that earnings could potentially experience a tumble ranging from 6% to 12% subsequent to fiscal year 2025.

The stock’s performance has been underwhelming this year, having declined by 33.2% as of the last market close.

Link Administration, an Australian share registry firm, specializes in managing financial ownership data and providing related services.