a guess of what the size, value, amount, cost, etc. of something might be
We estimate that 75% of our customers are teenagers.
The contractor provided a detailed estimate for the cost of renovating the kitchen.
The project manager presented a time estimate for the completion of the construction work.
When buying a house, it's crucial to get an accurate estimate of its market value.
The initial estimate for the number of attendees at the event turned out to be lower than the actual turnout.