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The phrase "a recent study estimating" is correct and usable in written English.
You can use it when referring to a new research study that provides an estimation or assessment of a particular subject or data.
Example: "A recent study estimating the impact of climate change on agriculture suggests significant challenges ahead."
Alternatives: "a recent analysis predicting" or "a recent report assessing".
Exact(11)
Mirroring file collections in the global Internet is widely practiced with a recent study estimating the number of WWW hosts with mirrored content at 10% of all WWW hosts.
Moreover, a recent study estimating the clinical benefits of vaccinating males and females suggested that in addition to clinical benefits, substantial economic benefits are anticipated from adding males into immunization programs against HPV [17].
This is by no means an issue specific to the UK, with a recent study estimating that the international impact of not breastfeeding is associated with economic losses of about $302 billion annually, or 0·49%9% of world gross national income [11].
Unfortunately intrathecal therapy is costly with a recent study estimating the 5-year cost to be approximately $49,000 relative to alternative therapy [ 8].
The price of €14.60/h for such assistance was derived from a recent study estimating a shadow price by Schön-Bühlmann et al. [ 40] on behalf of the Swiss Federal Office of Statistics.
In a recent study, estimating the annual occurrence of spinal injuries in front seat occupants the SCI rate was 0.054%±0.010% with incidence being reduced by seat-belt use.
Similar(49)
A recent study estimated that Apple has sold an average of 20 songs per iPod — a fraction of its capacity.
A recent study estimated that there were nearly 250,000 street vendors in the city.
The Congressional Budget Office, in a recent study, estimated that premiums would rise by twenty per cent, on average, if the cost-sharing reduction payments were eliminated.
A recent study estimated a price of between $60 trillion and $600 trillion to remove 50 parts per million of carbon dioxide from the planet's atmosphere in this manner.
A recent study estimated that in December 2010, 20% of American households with fixed-rate mortgages could and should have refinanced – but didn't.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com