The Globe and Mail reports in its Monday edition WestJet Airlines' expected strong quarterly profit is not the only thing company watchers will be looking for Tuesday. The Globe's Guy Dixon says analysts will be looking for the market's reaction, along with numerous factors outside WestJet's control, from heightening competition in the Canadian skies to limp economic numbers. Analysts are optimistic about the company. They are less optimistic about the environment surrounding WestJet and its stock price. "We still believe in the story, unfortunately, so does the market," analyst Jacques Kavafian of Toll Cross Securities said in a recent report. "Much of the good news already reflects in the share price." WestJet's share price has soared in a year's time to about $25 from $14.50. When many other industries are fluctuating with the economic winds, WestJet, with Air Canada, has been reporting full planes. The introduction of premium economy-class options is expected to add new revenue streams. Still, analysts wonder whether the market is not getting ahead of itself. Mr. Kavafian forecasts WestJet's first-quarter profit at 67 cents a share, compared with 49 cents in the same period a year ago.