PG&E Corporation PCG, a diversified utility holding company, engages in the business of electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation and storage.Stable financial position, steady growth in customer counts, a well-set of utility assets and disciplined investments in infrastructure projects will likely boost PG&E Corp.’s future performance In addition, the company’s practice of paying dividend is commendable.However, penalties levied for the San Bruno and Carmel incidents, stringent environmental regulations and several operational risks remain potential setbacks.Estimate Trend & Surprise HistoryInvestors should note that the second quarter Zacks Consensus Estimate for earnings of 79 cents per share has increased by a penny in the last 7 days.Coming to the earnings surprise history, PG&E Corporation has missed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a negative average surprise of 3.38%.Zacks Rank: Currently, PG&E Corporation has a Zacks Rank #3 (Hold) but that could change following its second quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.We have mentioned below some of the vital information from this just-revealed announcement:Earnings: PG&E Corporation’s earnings were above our earnings estimates. Adjusted earnings per share came in at 86 cents, beating the Zacks Consensus Estimate of 79 cents per share by 8.9%.Pacific Gas & Electric Co. Price and EPS Surprise Pacific Gas & Electric Co. Price and EPS Surprise | Pacific Gas & Electric Co. QuoteRevenue: The company’s revenues of $4,250 million for the second quarter missed the consensus estimate of $4,319.8 million.Key Stats: The company has reaffirmed its adjusted EPS for 2017 in the range of $3.55–$3.75 per share.Stock Price: In the pre-market trading session, PG&E Corporation’s second quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.Check back later for our full write up on this PCG earnings report later!More Stock News: Tech Opportunity Worth $386 Billion in 2017 From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report To read this article on Zacks.com click here.