Netflix shares closed modestly lower Wednesday as investors looked to the streaming media group's upcoming earnings report and a pair of Wall Street analysts underscored differing views on its growth and profit prospects heading into the final months of the year.

Analysts expect Netflix to post solid Q3 2024 results, and some believe price hikes are coming as the company looks to drive revenue growth.

The earnings season has started in earnest, with 40 companies in the S&P 500 Index ($SPX) reporting Q3 results so far, 80% of which have beaten consensus estimates. This week, streaming giant Netflix (NFLX) is scheduled to report its results for Q3 of 2024 on Thursday.