Meaning of the word "well regarded" in English

What does "well regarded" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

well regarded

US /wɛl rɪˈɡɑrdɪd/
UK /wɛl rɪˈɡɑːdɪd/

Adjective

respected or highly esteemed

Example:
She is a well-regarded expert in her field.
The company has a well-regarded reputation for quality.