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What does overestimating mean?

Looking for the meaning or definition of the word overestimating? Here's what it means.

Verb
  1. present participle of overestimate
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Conversely, overestimating the magnitude of adverse environmental effects could result in mitigation measures that are unnecessary and expensive.
Street said he thought the state was underestimating the challenge and overestimating Edison's abilities.
And, as in domestic politics, there is a risk of overestimating what she can do.
One reason is that we are overestimating our resources and underestimating the difficulty of winning elections.
However, experts warn that many people may be overestimating the potential returns from property.
They are, however, overestimating the influence of the goldstone report on Israel's military actions.

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