Did Siebert provide any guidance or outlook for Q3 and FY 2025?

No – the release of Siebert’s Q2 2025 results does not contain any forward‑looking guidance for the third quarter or the full‑year 2025. The statement only recaps Q2 performance (adjusted revenue of $21.7 M vs. $20.9 M a year earlier and a $2.4 M YTD gain on an equity investment) and offers no projection for Q3 or the FY‑2025 earnings, revenue, or cash‑flow targets.

Trading implications

• Short‑term bias: With guidance absent, the market will price the stock on the back of the Q2 beat‑and‑miss narrative and the disclosed equity gain. If investors view the $2.4 M gain as a one‑off, the upside may be limited; the lack of a Q3 outlook could keep the price constrained near the current support levels. Technicals show the stock hovering around its 20‑day moving average, with modest upside momentum—suggesting a cautious, perhaps neutral‑to‑light‑short stance until guidance surfaces.
  
• Medium‑term view: Analysts and investors will likely focus on the upcoming Q3 earnings call for any forward‑looking statements. In the meantime, the absence of FY‑2025 guidance adds uncertainty to the valuation model, widening the implied‑volatility premium on options. Traders could consider a straddle or strangle around the next earnings date to capture the expected volatility spike, while keeping position size modest given the limited directional conviction.
  

Bottom line: Until Siebert releases a Q3 or FY‑2025 outlook, the stock remains driven by Q2 fundamentals and short‑term technicals. A prudent approach is to stay flat or lightly short with a volatility‑play on the next earnings release, while monitoring for any guidance updates that could reset the price trajectory.