Diluted earnings per share (EPS) is net income available to common shareholders divided by the weighted average number of shares outstanding, counting the shares that options, restricted stock units, convertible securities and warrants would add if they turned into shares. It is the per-share profit figure most often quoted.
How Listed shows it
As reported, never computed. Listed shows the diluted EPS figure the company tagged (EarningsPerShareDiluted, or DilutedEarningsLossPerShare for IFRS filers), for the periods the company reported it, in dollars per share.
It does not divide net income by diluted shares itself. The company's figure reflects preferred dividends, the rules for securities that share in profits, and the rule that potential shares are left out when counting them would make the figure look better (for example, a smaller loss per share). Those adjustments cannot be rebuilt reliably from the totals.
For the same reason:
- No trailing EPS. Per-share figures do not add up across quarters, because the share count changes. Listed does not add four quarters of EPS into a TTM figure.
- No derived Q4. A 10-K reports diluted EPS for the year. Unless the company also reports a three-month figure for the fourth quarter, Q4 diluted EPS is "not reported". In the forecast leagues, that makes the EPS metric void for everyone.
A company with a loss often reports one figure for basic and diluted EPS together (EarningsPerShareBasicAndDiluted), because counting extra shares cannot make a loss per share smaller. That combined figure is the diluted figure.
When it says "not reported"
- The period is a fourth quarter, and the 10-K has no three-month EPS figure.
- The company reports EPS under a concept of its own.
- The company has no common shares traded publicly in the usual way, such as some partnerships and trusts, which report earnings per unit.