What are the downsides of EPS?

As an investor, I'm curious about the potential drawbacks of focusing solely on earnings per share (EPS) as a metric for evaluating a company's financial performance. Could you elaborate on some of the limitations or downsides of relying heavily on EPS? Are there any scenarios where EPS may not accurately reflect a company's true financial health or growth potential? Additionally, are there other financial ratios or metrics that should be considered alongside EPS to gain a more comprehensive understanding of a company's financial position?