The elderly professor is venerated by his students for his outstanding contributions.

venerated 是动词 venerate 的过去分词形式，在句中表示被动。venerate 来自拉丁语 venerari（尊敬），意思是"怀着敬意对待、尊崇"。这个词通常用于表达对德高望重者或神圣事物的崇高敬意。