As the second quarter comes to a close, streaming TV and movie service (NASDAQ: NFLX) is always one stock that gears up to report quarterly results toward the beginning of earnings season. Sure enough, the company is scheduled to report its Q2 results in less than three weeks, on July 19.

The stock is in an interesting position headed into the report. Shares have soared this year. They are up 45% year to date and 32% in the last three months alone. This means investor expectations are high. If any key figures reported for the quarter come in below expectations, the stock could fall.

Let's take a look at what investors will be watching when Netflix reports earnings. More importantly, let's debate whether or not now is a good time to buy the stock.

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Source Fool.com