The estel- in Estelmo's name is well established as meaning 'hope'. The -mo element is a masculine name-ending, so in full Estelmo might be taken as something like 'Man of hope'. However -mo is typically taken as 'agental', representing a more active aspect. In this case, the activity in question is ambiguous, but the name might conceivably be interpreted as something like 'bringer of hope'.
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