PG&E Corporation’s PCG adjusted operating earnings per share (EPS) of 86 cents in the second quarter of 2017 surpassed the Zacks Consensus Estimate of 79 cents by 8.9%. Earnings were also up 30.3% from 66 cents reported in the year-ago quarter.GAAP earnings during the quarter were 79 cents per share, compared with 41 cents a year ago.Revenue UpdateIn the second quarter, the company reported revenues of $4,250 million, up 1.9% from $4,169 million in the year-ago period. The figure, however, missed the Zacks Consensus Estimate of $4,319.8 million by 1.6%.Electric revenues were down 4.1% from the year-ago levels, while natural gas revenues rose 31.7%.Pacific Gas & Electric Co. Price, Consensus and EPS Surprise Pacific Gas & Electric Co. Price, Consensus and EPS Surprise | Pacific Gas & Electric Co. QuoteOperational HighlightsTotal operating expenses in the second quarter were $3,502 million, down 7.1% from $3,768 million in the year-ago period. Costs declined due to lower cost of electricity, and operation and maintenance expenses.Operating income came in at $748 million, up from $401 million in the second quarter of 2016.Interest expenses in the quarter were $225 million, compared with $207 million in the year-ago quarter.GuidanceThe company has reiterated its guidance for 2017 adjusted earnings from operations in the range of $3.55−$3.75 per share.Zacks RankPG&E Corporation currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Peer ReleasesDTE Energy Company DTE reported second-quarter 2017 operating earnings per share (EPS) of $1.07, which surpassed the Zacks Consensus Estimate of 97 cents by 10.3%. Operating earnings also grew 9.2% from the year-ago figure of 98 cents.NextEra Energy, Inc. NEE reported second-quarter 2017 adjusted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.76 by 5.7%. Reported earnings were also up by 11.4% year over year.WEC Energy Group WEC reported second-quarter 2017 adjusted earnings of 63 cents per share, beating the Zacks Consensus Estimate of 59 cents by 6.8% and the year-ago figure of 57 cents by 10.5%.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 WEC Energy Group, Inc. (WEC): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research