Consolidated Edison (NYSE: ED) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Consolidated Edison whiffed on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted.

Gross margins increased, operating margins dropped, net margins dropped.

Revenue details
 Consolidated Edison booked revenue of $3.08 billion. The four analysts polled by S&P Capital IQ expected revenue of $3.46 billion on the same basis. GAAP reported sales were 8.1% lower than the prior-year quarter's $3.35 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.00. The 14 earnings estimates compiled by S&P Capital IQ forecast $1.03 per share. GAAP EPS of $0.94 for Q1 were 11% lower than the prior-year quarter's $1.06 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 40.4%, 150 basis points better than the prior-year quarter. Operating margin was 18.2%, 50 basis points worse than the prior-year quarter. Net margin was 9.0%, 30 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $3.08 billion. On the bottom line, the average EPS estimate is $0.56.

Next year's average estimate for revenue is $13.85 billion. The average EPS estimate is $3.74.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 624 members out of 656 rating the stock outperform, and 32 members rating it underperform. Among 190 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 184 give Consolidated Edison a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Consolidated Edison is hold, with an average price target of $57.56.

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