ES = extreme spread. This is the difference between the two extremes (fastest and slowest) of a string of shots through your chronograph. The only thing this tells you is that difference for that string on that day.
SD = Standard deviation. This is the expected deviation for a given confidence interval based on a sample of the population. The sample is the string of shots. Based on the standard deviation and assuming a normal distribution (bell curve) you can expect 68% of your shots to fall within plus or minus 1 standard deviation, 95.5% to fall within plus or minus 2 standard deviations and 99% to fall within plus or minus 3 standard deviations.
Standard deviation is a much better indicator of your actual muzzle velocity.
Using a random number generator, I got the following numbers (assume they are your 5 shot string).
2839
2859
2887
2832
2847
The average is 2852.8, extreme spread is 55, but SD is 21.59. So based on this sample, you can expect velocity to range between 2788 and 2917.6. That is a very large spread, and much greater than the ES of 55 for the sample.
I just used random numbers generated between 2800 and 2900 so you can see that the predicted values were very close to my parameters. Pay more attention to your SD and remember that if you want to predict your velocity range for 99% of your shots, add 3 SD's to your average for your max, and subtract 3 SD's for your minimum.
The way you get the numbers lower is through precision reloading. You have to try and make every round you load the same. Pay attention to neck tension, annealing the necks when needed. Make sure your charges are the same. You may want to weigh a sample of your brass to see if you need to sort your brass (you can use the same statistical sampling for checking the SD of your brass weight/volume). Test your seating depth as well as your powder charge to determine the best load for your rifle. Read all you can on here, there are some very good people here who have written a lot of good information. Use the search feature or just browse the reloading section. You can learn a lot.
This can be a lot of fun, and you can get as deep into as you wish. Or, you may be satisfied to make plinking rounds. How precise you want to be is up to you.
It all starts with your case and how you handle it. Primer selection, powder selection and load amount, bullet type and seating depth, making your ammo concentric - all of these are part of the puzzle. Have fun and keep trying to get better. Since you posted a question (and a good one) I think you want to learn. Just keep asking questions.
FWIW,
Dennis