American Carnival has hit some rough waters, but its recent post-earnings selloff looks like a great opportunity to book a cruise on its stock at a discount.

At first blush, Carnival’s fiscal first-quarter earnings report on March 27 should have been reason for celebration on the Lido deck. The company reported a loss of 14 cents a share, better than its own guidance for a 22-cent loss and the 18-cent loss that analysts were expecting. In addition, Carnival said it saw record bookings during the quarter, with significantly higher pricing.

Several issues probably held shares back. First, the company said that the collapse of Baltimore’s Francis Scott Key Bridge would make as much as a $10 million dent in profit, and given how recent the tragedy was, that hasn’t been incorporated into Carnival’s guidance. Then there’s the fact that the shares had run up some 11% in the month before earnings, about three times the broader market’s rise, which left little room for surprises.