Can someone explain whether "Diluted EPS" / Diluted Earnings Per Share is significant in valuing a stock, and also how that number is calculated and used in inv

Can someone explain whether "Diluted EPS" / Diluted Earnings Per Share is significant in valuing a stock, and also how that number is calculated and used in investing? Amazon's #s in this regard are over 2X Apple's but there is a %age that is showing 1167% for Amazon vs 40.12% for Apple. What does this mean? Amazon Diluted EPS 5.07 1167.5% Apple Diluted EPS 2.34 40.12%