Earnings Per Share

What is EPS?

EPS shows how much profit the company earned per share of stock. It's the bottom line profit divided among all shareholders.

Think of it like this

A lemonade stand with 10 partners (shares) makes $100 profit. Each partner's share is $10 (EPS). Next year profit is $150, so EPS grows to $15!

Formula

EPS = Net Income / Shares Outstanding
  • Net Income: Total profit after all expenses
  • Shares Outstanding: Total shares in market

Why it matters

  • Most important profitability metric
  • Drives stock price over time
  • Shows earnings growth trend
  • Used to calculate P/E ratio

What's a good value?

Negative
Loss
Company losing money
$0-1
Low
Small profits per share
$1-5
Moderate
Decent profitability
$5-20
High
Strong earnings
> $20
Very High
Exceptional profitability

Real-world example

Apple EPS: $6 - highly profitable. Netflix EPS: $12 - strong earnings. Startup EPS: -$2 - still losing money. Berkshire Hathaway EPS: $20,000+ - few shares outstanding.

Things to watch out for

  • Can be manipulated with buybacks
  • One-time items distort EPS
  • Compare growth rate, not absolute value
  • Use diluted EPS for accuracy

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