Consolidated Edison (NYSE: ED) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Consolidated Edison whiffed on revenue and beat expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Consolidated Edison logged revenue of $2.77 billion. The four analysts polled by S&P Capital IQ looked for a top line of $3.12 billion on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $2.99 billion.

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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 $0.61. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.59 per share. GAAP EPS of $0.73 for Q2 were 30% higher than the prior-year quarter's $0.56 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 41.3%, 580 basis points better than the prior-year quarter. Operating margin was 17.1%, 380 basis points better than the prior-year quarter. Net margin was 7.7%, 220 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.82 billion. On the bottom line, the average EPS estimate is $1.36.

Next year's average estimate for revenue is $13.64 billion. The average EPS estimate is $3.76.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 634 members out of 666 rating the stock outperform, and 32 members rating it underperform. Among 214 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 206 give Consolidated Edison a green thumbs-up, and eight 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 $58.37.

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