BioScrip, Inc. BIOS reported adjusted net loss from continuing operations of 15 cents per share in the fourth quarter of 2017, wider than both the Zacks Consensus Estimate and the year-ago loss of 8 cents each.Reported net loss from continuing operations for the period came in at 58 cents a share, wider than the year-earlier loss of 46 cents.RevenuesWith the completion of non-core PBM business divestment, BioScrip now has a simplified business structure focused on core Infusion Services.Net revenues for the quarter under review were $182.6 million, a 23.9% decline year over year. This huge downside resulted from the company’s shift in strategy to focus on growing its core revenue mix. This apart, the impact of the Cures Act and contract modifications with UnitedHealthcare (completed as of Sep 30, 2017) were major deterrents. However, the top line exceeded the Zacks Consensus Estimate of $172 million.BioScrip, Inc. Price, Consensus and EPS Surprise BioScrip, Inc. Price, Consensus and EPS Surprise | BioScrip, Inc. Quote Notably, net revenues in the fourth quarter included core product mix of 75.7%, an improvement from 69.6% in the prior-year period.Gross margin for the reported time frame expanded 740 basis points (bps) year over year to 38.5%.This significant upside was driven by seasonal revenue strength leveraging the company’s infrastructure and reduced product cost. Operating expenses were $53.5 million, an 18% reduction from the tally in fourth-quarter 2016.FinancialsBioScrip exited 2017 with cash and cash equivalents of $39.5 million compared with $9.6 million at the end of 2016.2018 Guidance For 2018, the company has provided revenue view in the range of $710-$720 million. The Zacks Consensus Estimate of $722.13 million for the metric lies above the company’s guided range.Additionally, BioScrip expects to incur restructuring expenses in the band of $5-$6 million in 2018, primarily reflecting costs related to redesigning and optimizing its revenue cycle management process. The company also expects 2018 capital expenditures between $12 million and $14 million.Our TakeBioScrip exited the fourth quarter on a dismal note with lower-than-expected earnings performances. Although, revenues were above the consensus mark, the huge year-over-year decline was a disappointment.Nonetheless, we are encouraged by the company’s progress in the fourth quarter, courtesy of its new multi-faceted CORE plan to improve the financial position. The company also expects core revenues at Home Solutions and continued core growth to be accretive to its portfolio. Moreover, we are upbeat about BioScrip’s completion of the UnitedHealthcare contract transition and projections of core revenue rise. Besides, management’s outlook for 2018 sounds promising.Zacks Rank & Key PicksBioScrip has a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader medical sector are PerkinElmer PKI, Bio-Rad Laboratories BIO and athenahealth, Inc. ATHN.PerkinElmer has a long-term expected earnings growth rate of 12.3%. The stock carries a Zacks Rank #2 (Buy).Bio-Rad Laboratories sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The company has a long-term expected earnings growth rate of 20%.athenahealth is a Zacks #1 Ranked player. The company has a long-term expected earnings growth rate of 21.5%.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>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 athenahealth, Inc. (ATHN): Free Stock Analysis Report PerkinElmer, Inc. (PKI): Free Stock Analysis Report Bio-Rad Laboratories, Inc. (BIO): Free Stock Analysis Report BioScrip, Inc. (BIOS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research