estimate

American  

[es-tuh-meyt, es-tuh-mit, -meyt] / ˈɛs təˌmeɪt, ˈɛs tə mɪt, -ˌmeɪt /

verb (used with object)

estimated, estimating

1. to form an approximate judgment or opinion regarding the worth, amount, size, weight, etc., of; calculate approximately.

   to estimate the cost of a college education.

   Synonyms:

   appraise, evaluate, value, assess, gauge, reckon, count, compute

2. to form an opinion of; judge.

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verb (used without object)

estimated, estimating

1. to make an estimate.

noun

1. an approximate judgment or calculation, as of the value, amount, time, size, or weight of something.

   Synonyms:

   appraisal, calculation, valuation

2. a judgment or opinion, as of the qualities of a person or thing.

3. a statement of the approximate charge for work to be done, submitted by a person or business firm ready to undertake the work.

estimate British  

verb

1. to form an approximate idea of (distance, size, cost, etc); calculate roughly; gauge

2. (tr; may take a clause as object) to form an opinion about; judge

   to estimate one's chances

3. to submit (an approximate price) for (a job) to a prospective client

4. (tr) statistics to assign a value (a point estimate ) or range of values (an interval estimate ) to a parameter of a population on the basis of sampling statistics See estimator

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noun

1. an approximate calculation

2. a statement indicating the likely charge for or cost of certain work

3. a judgment; appraisal; opinion

Other Word Forms

• estimatingly adverb
• estimative adjective
• estimator noun
• preestimate verb (used with object)
• reestimate verb (used with object)
• self-estimate noun
• unestimated adjective
• well-estimated adjective

Etymology

Origin of estimate

First recorded in 1525–35; from Latin aestimātus “valued,” past participle of aestimāre “to value, fix the value of”

Example Sentences

Now, Wall Street analysts collectively expect the bank to hit its target of achieving a 10% to 11% return on tangible common equity by the end of 2026, according to estimates compiled by Visible Alpha.

From The Wall Street Journal

The measure’s drafters estimate that about 200 of the wealthiest California households would be subject to the tax.

From Los Angeles Times

A cooling off over the holidays is normal, he said, estimating that about half of the lots that will ultimately hit the market have already done so.

From Los Angeles Times

Typically, Wall Street wants guidance from management that companies can, and will, beat estimates.

From Barron's

Researchers estimate that regular physical activity lowers bowel cancer risk by about 20%.

From Science Daily

Related Words

• appraisal
• assessment
• conclusion
• estimation
• evaluation
• guess
• measure
• measurement
• opinion
• projection
• rating
• survey
• valuation