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EPS Calculator: Net Income Over Shares Outstanding

Enter net income, preferred dividends and shares outstanding to get EPS instantly, free.

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Earnings per share
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Net income available to common shares
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EPS is net income, minus preferred dividends, divided by shares outstanding.

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How to calculate earnings per share

Subtract preferred dividends from net income, then divide by the number of common shares outstanding. A company with $1,000,000 in net income, $100,000 in preferred dividends and 900,000 common shares has an EPS of $900,000 divided by 900,000 shares, or exactly $1.00 per share.

Preferred dividends come out first because preferred shareholders have a priority claim on profit ahead of common shareholders. Skipping that subtraction overstates how much profit is actually attributable to each common share.

EPS and how investors use it alongside the P/E ratio

EPS on its own is an absolute dollar figure, so a $1.00 EPS means very different things for a $10 stock and a $500 stock. Investors usually pair EPS with the share price to compute the price-to-earnings ratio, which shows how many dollars the market is willing to pay for each dollar of annual earnings.

Basic EPS, the version this calculator produces, uses actual shares outstanding. Diluted EPS goes a step further and adds in shares that could be created from stock options, warrants and convertible securities, which is why diluted EPS is usually slightly lower than basic EPS for companies with those instruments outstanding.

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FAQ

EPS Calculator: questions, answered

What is EPS?
Earnings per share (EPS) is a company's net income, minus any preferred dividends, divided by its number of common shares outstanding. It shows how much profit is attributable to each individual share of common stock.
What is the difference between basic and diluted EPS?
Basic EPS uses the actual number of common shares currently outstanding. Diluted EPS adds in shares that could be created from stock options, warrants and convertible bonds if they were all exercised or converted, which is why diluted EPS is typically equal to or lower than basic EPS.
Why subtract preferred dividends?
Preferred shareholders have a priority claim on a company's profit ahead of common shareholders. Subtracting preferred dividends first isolates the portion of net income that is actually available to common shareholders, which is the number EPS is meant to represent.
What is a good EPS?
There is no fixed threshold, since EPS is an absolute dollar figure that depends heavily on share price and shares outstanding. A more useful read comes from comparing a company's EPS to its own prior periods to see whether earnings per share are growing, and to the share price through the price-to-earnings ratio.

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