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

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

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

Margins contracted across the board.

Revenue details
Consolidated Edison reported revenue of $3.18 billion. The four analysts polled by S&P Capital IQ expected a top line of $3.28 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $1.02. The 14 earnings estimates compiled by S&P Capital IQ forecast $1.04 per share. Non-GAAP EPS of $1.02 for Q1 were 2.0% higher than the prior-year quarter's $1.00 per share. GAAP EPS of $0.65 for Q1 were 31% lower than the prior-year quarter's $0.94 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 39.3%, 110 basis points worse than the prior-year quarter. Operating margin was 16.5%, 170 basis points worse than the prior-year quarter. Net margin was 6.0%, 300 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.93 billion. On the bottom line, the average EPS estimate is $0.58.

Next year's average estimate for revenue is $12.94 billion. The average EPS estimate is $3.79.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 639 members out of 672 rating the stock outperform, and 33 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 194 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 $57.21.

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