what counts as a good eps will depend on factors such as the recent performance of the company the performance of its competitors and the expectations of the analysts who follow the stock sometimes a company might report growing eps but the stock might decline in price if analysts were expecting an even higher number 
likewise a shrinking eps figure might nonetheless lead to a price increase if analysts were expecting an even worse result it is important to always judge eps in relation to the company s share price such as by looking at the company s p e or earnings yield 