Unfortunately for its shareholders, the iSelect Ltd (ASX: ISU) share price has continued its decline on Tuesday.
Earlier today the online product comparison company's shares sank to a 52-week low of $1.46, stretching their year-to-date decline to over 21%.
Why have its shares plunged lower this year?
Its shares have come under heavy selling pressure since the release of a full-year result which fell short of the market's expectations.
Although iSelect delivered a 39% increase in earnings per share to 7.1 cents, one leading broker had expected earnings per share of 8 cents per share.
This slower-than-expected growth appears to have spooked the market, leading to a rerating of its shares to a more reasonable level.
At present iSelect's shares are changing hands at 21x trailing earnings and management expects its earnings growth to continue in FY 2018.
