Why is eps a better performance indicator than profit for the year?

Earnings per share (EPS) is often considered a better performance indicator than total profit for the year because it provides a more precise measure of a company's profitability on a per-share basis, allowing for better comparison among companies of different sizes. EPS reflects the earnings attributable to each outstanding share of common stock, making it more relevant for investors assessing their returns. Additionally, it accounts for changes in the number of shares outstanding, which can affect overall profit figures but not necessarily the value delivered to shareholders.